Adaptec, Inc. Acquires Aristos Logic for $41,000,000

  • Feed Type
  • Date
    8/28/2008
  • Company Name
    Aristos Logic
  • Mailing Address
    27051 Towne Centre Drive Foothill Ranch, CA 92610
  • Company Description
    Aristos Logic is the industry leader in RAID Storage Processor (RSPTM) technology.
  • Website
    http://www.aristoslogic.com
  • Transaction Type
    M&A
  • Transaction Amount
    $41,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Adaptec Inc. (Nasdaq: ADPT) todayannounced it has signed a definitive agreement to acquire privately-held Aristos Logic Corporation(http://www.aristoslogic.com), a provider of industry-leading RAID solutions, in a cash transaction for a total consideration ofapproximately $41.0 million.

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