MILPITAS, Calif. -- Adaptec Inc. (Nasdaq: ADPT) today announced it has signed a definitive agreement to acquire privately-held Aristos Logic Corporation (http://www.aristoslogic.com), a provider of industry-leading RAID solutions, in a cash transaction for a total consideration of approximately $41.0 million. Completion of the acquisition remains subject to the satisfaction of certain closing conditions.
"I am very pleased by this synergistic acquisition. Aristos Logic will bring us a strategic customer base that drives new OEM opportunities for Adaptec. Aristos Logic's technologies and customers will also enable us to expand into high growth adjacent RAID segments, including performance desktops, blade servers, and enterprise-class external storage systems," said S. "Sundi" Sundaresh, president and chief executive officer of Adaptec. "As we build-out our I/O strategy -- advancing I/O performance while integrating additional controller-based system functionality beyond RAID -- the assets we will obtain through this acquisition will become even more valuable. Aristos Logic will also provide us with a strong ASIC roadmap. Their next generation 6 Gb/s serial RAID controllers will expand our channel offerings and enhance the value of our current lines of Unified Serial(TM) SATA and SAS products.
"Founded in 2000, Aristos Logic is headquartered in Foothill Ranch, Calif. and has approximately 75 employees. Aristos Logic is a leader in multi-protocol RAID storage processor technology delivered in both software and silicon solutions. Its strong ASIC development team has developed a highly-scalable architecture that can be leveraged across multiple product families ranging from entry-level internal RAID storage to high performance enterprise-class storage systems. Aristos Logic's products are deployed by industry-leading OEMs in high-density applications that require a compact footprint with unbeatable data protection and reliability.
"We are excited to be a part of Adaptec, a recognized leader in the data storage I/O market," said Anil Gupta, president & CEO of Aristos Logic. "Our award-winning RAID storage processor technology has long been recognized by top tier storage OEMs. I believe Adaptec's acquisition of Aristos Logic will strengthen its ability to serve the channel and OEM markets with an extremely compelling portfolio of storage products."