Financial analyst Daniel Renouard of R. W. Baird calls Sierra Logic "a good strategic fit" for Emulex. In a research note today, he wrote: "Management is building on the Vixel acquisition... We believe the embedded market will prove a nice niche for Emulex over time, and synergies between Vixel and Sierra Logic appear tangible - similar customer bases and complementary technology."
Emulex expects the deal to close around the end of September. Sierra Logic has 70 employees, mostly engineers based in Roseville, Calif. Folino did not say how many employees would be retained, but Sierra Logic CEO Bob Whitson will join Emulex as SVP of its embedded products unit, which will include the Sierra Logic and Vixel products.
Dave Raffo, News Editor, Byte and Switch
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