LSI Logic buys network storage company, SiliconStor, for $55M
Milpitas chip company LSI Logic has agreed to buy Fremont, Calif.’s SiliconStor, a storage company, for $55 million, the companies said today.
SiliconStor had raised $12 million over two rounds since 2003, from VSP Capital, APV Technology Partners and individuals.
From the release:
SiliconStor provides storage technology focused on the SATA (serial ATA) and SAS (serial attached SCSI) markets and is shipping patent-pending products that improve the performance, reliability, and manageability of SATA drives when used in… Continue Reading