Xconomy San Diego

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

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fd6085df-f9af-4df5-a2f0-cd36357e87e3&Preview=1
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.