QLogic Corporation Acquires NetXen for $21,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=55065056-3ab2-403a-a3d7-a030d09aa7d8&Preview=1 -
Date
5/1/2009 -
Company Name
NetXen -
Mailing Address
18922 Forge Drive Cupertino, CA 95014 -
Company Description
NetXen, founded in 2002, is a leading provider of high-performance networking and protocol processing solutions. The company stands at the forefront of a major shift in technology in the enterprise datacenter. Blade servers, server consolidation, and the convergence of network fabrics at 10 Gigabit speeds are driving an exponential increase in both data volumes and complexity. Against this backdrop of escalating network processing demands, IT managers must also address the challenge of system power consumption and cooling, and integrating more flexibility into their datacenters. NetXen has a unique solution to address these needs. -
Website
http://www.netxen.com -
Transaction Type
M&A -
Transaction Amount
$21,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
The acquisition will be paid for with all cash.
