Emulex to Buy Vixel

Emulex to Buy Vixel
   Aiming to expand its solutions, storage networking host bus adapter (HBA) supplier Emulex has announced plans to acquire Vixel. The acquisition continues a trend of storage industry consolidation. Vixel supplies embedded switch application-specific integrated circuits (ASICs) and subsystems for storage networking. Vixel provides its technology for OEM partners, including HP, Network Appliance (NetApp), and Sun Microsystems, for use in storage arrays, tape libraries, and Network Attached Storage (NAS) appliances.
   "The acquisition of Vixel provides Emulex with their award-winning lineup of InSpeed embedded storage switching products and technologies, which clearly complement Emulex's existing OEM business model and HBA technology," said Paul F. Folino, chairman and CEO of Emulex. Emulex believes the acquisition makes sense because the two companies' technologies complement each other. Emulex will pay $10 cash per share for Vixel for a total cost of approximately $310 million. The acquisition is expected to be complete by the end of November.
   http://www.emulex.com
   http://www.vixel.com