QLogic Corporation Acquires NetXen for $21,000,000

  • Feed Type
  • 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
  • Proceeds Purposes
  • M&A Terms
    The acquisition will be paid for with all cash.

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