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.