SUNNYVALE, Calif. -- PLX Technology, Inc. (NASDAQ: PLXT), a leading global supplier of PCI Express (PCIe®) switch and bridge silicon, today announced it has signed a definitive agreement to acquire all of the outstanding shares of capital stock of Oxford Semiconductor, Inc., a privately held fabless provider of industry-leading silicon and software for the consumer and small office/home office (SOHO) storage markets.
Established in 1992, Oxford Semiconductor has been providing reliable, high-performance silicon and software solutions to interconnect digital systems, including PCIe, USB, FireWire, Ethernet, SATA and eSATA. Oxfords unaudited revenues for the first nine months of 2008 were $29 million. Oxfords corporate headquarters are located in Milpitas, California, with most of its employees based in Oxfords design center in Abingdon, United Kingdom.
The rapidly growing consumer and SOHO external storage markets account for the majority of Oxford Semiconductors sales. Oxford provides advanced system-on-chip solutions for both direct-attached storage (DAS) and network-attached storage (NAS) external drives.
The amount of digital data that consumers need to store is increasing exponentially. Trends such as digital photography, digital video, MP3s and the on-line distribution of high-definition movies are driving increased sales of external storage devices in the consumer market. Corresponding with these trends, demand for data-protection features such as redundant array of inexpensive disks (RAID), automatic back-up and encryption is also growing. Oxford sells products, and is developing new ones, that address these growing needs as consumers adopt the digital lifestyle.
PLX Technology Inc.
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