LSI to Acquire Tarari for $85M

MILPITAS, Calif. -- LSI Corporation (NYSE: LSI - News) announced today that it has signed a definitive agreement to acquire Tarari, Inc., for approximately $85 million in cash. Tarari is an award winning, privately held maker of silicon and software that provides content and application awareness in packet and message processing, enabling a new class of advanced security and network control for service providers and enterprise networks. Tarari is based in San Diego, Calif. and has approximately 45 employees.

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.

"Through the acquisition of Tarari, LSI will now add best-in-class content processing capabilities to our broad portfolio of networking and storage solutions," said Jeff Richardson, LSI executive vice president, Network & Storage Products Group (NSPG). "These new capabilities will allow service providers and enterprises to deliver advanced services like security, telepresence, unified access, and video over next-generation networks."

LSI Corp.