LSI buys Tarari, a network security-control co., for $85M

September 6, 2007 | Matt Marshall

LSI Corporation said it has agreed to acquire Tarari, a San Diego, Calif. maker of chips and software for network security and control, for approximately $85 million in cash.
According to the statement:

Tarari products enable high levels of performance for content-aware networking applications such as anti-virus, anti-spam, intrusion detection and prevention, XML security and advanced network control. Additional services include compression, cryptography and encoding for a wide variety of applications.

It was spun out of Intel Corp. in 2002, and raised $42.8 million in venture funding from Enterprise Partners Venture Capital, Crosspoint Venture Partners, Morgan Stanley Venture Partners, Miramar Venture Partners and XMLFund.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.