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Adaptec Buys Aristos Logic: Page 3 of 4

This is not the first M&A activity that Adaptec has been involved in this summer. Two months ago, for example, Overland bought Adaptec’s SnapServer business to bolster its presence in the SMB NAS market.

Adaptec, which has struggled with recent execution issues, is focused on strengthening its Serial RAID controller business and its iSCSI assets, hence the decision to purchase Aristos Logic.

The Aristos Logic deal is expected to close “very soon”, according to Panikar, who added that Adaptec will be releasing more information on the acquisition in a form 8-K to be filed with the Securities and Exchange Commission (SEC). Additional information will also be offered in Adaptec’s second quarter conference call in October.

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  • Adaptec Inc. (Nasdaq: ADPT)
  • Applied Micro Circuits Corp. (AMCC) (Nasdaq: AMCC)
  • Aristos Logic
  • LSI Corp. (NYSE: LSI)
  • Securities and Exchange Commission (SEC)