PMC-Sierra, IBM Agree on RAID

SANTA CLARA, Calif. -- PMC-Sierra, Inc. (NASDAQ:PMCS) today announced a multi-year joint development agreement with IBM (NYSE:IBM) for RAID technology. Building on PMC-Sierras industry-leading 6Gbit/s SAS and 8Gbit/s Fibre Channel storage protocol controller family and IBM’s extensive RAID technology, this agreement is expected to accelerate the development and industry availability of innovative RAID chipset and software solutions, enabling the next generation of enterprise server and storage system designs.

“PMC-Sierra is committed to providing our customers with innovative, industry-leading storage chipset solutions,” said Bob Bailey, President and CEO of PMC-Sierra. “Our joint technology development program with IBM combines the strengths of two industry leaders to accelerate RAID product solutions for broad customer and industry benefit.”

PMC-Sierra Inc. (Nasdaq: PMCS)

IBM Corp.