Adaptec

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Adaptec, Inc., a company based in Milpitas, California, produced computer storage products until it sold its storage-business operations to PMC-Sierra in 2010.

Type Public
Industry Semiconductors, Storage Industry
Fate Acquired by PMC-Sierra in 2010
Founded 1984 (1984)
Headquarters Sunnyvale, California, USA
Key people CEO, and President: Greg Lang Chairman: Jonathan J. Judge
Employees 1,500 employees: design, technical, marketing and sales teams throughout North America, Europe, Israel and Asia
Website http://www.adaptec.com/

History[edit]

Larry Boucher founded Adaptec in 1981.[1] At first, Adaptec focused on devices with SCSI interfaces.

On May 10, 2010, PMC-Sierra, Inc. and Adaptec, Inc. announced they had entered into a definitive agreement of PMC-Sierra acquiring Adaptec's channel storage business on May 8, 2010, which included Adaptec's RAID storage product line, the Adaptec brand, a global value added reseller customer base, board logistics capabilities, and SSD cache performance solutions.[2] The transaction was expected to close in approximately 30 days, subject to customary closing conditions.[3] Following the sale, Adaptec would retain its Aristos ASIC technology business, certain real estate assets, more than 200 patents, and approximately $400 million in cash and marketable securities.[4][5]

On June 8, 2010, PMC-Sierra, Inc. and Adaptec, Inc. announced the completion of the acquisition.[6][7] PMC-Sierra renamed the channel storage business "Adaptec by PMC".

Products[edit]

Adaptec produced interface products involving SCSI, USB, IEEE 1394, iSCSI, Fibre Channel, and video.[8] Adaptec once produced CD- and DVD-burning software under the brand names of Easy CD Creator and Toast, as well as network-attached storage devices such as the Snap Server product line.

Sources[edit]

References[edit]

  1. ^ Hunt, Laura (1999-08-16). "Technology flashback: 1981". Computerworld (IDG Enterprise). p. 72. ISSN 0010-4841. Retrieved 2014-05-13. "1981 [...] Larry Boucher founds Adaptec Inc." 
  2. ^ "PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business". PMC-Sierra. 18 June 2010. Retrieved 11 March 2014. 
  3. ^ "PMC-Sierra, Form 8-K, Current Report, Filing Date May 10, 2010". secdatabase.com. Retrieved Dec 30, 2012. 
  4. ^ PMC-Sierra Announces Agreement to Acquire the Channel Storage Business From Adaptec
  5. ^ Adaptec Announces $34 Million Sale of RAID Storage Business to PMC-Sierra Inc.
  6. ^ PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business
  7. ^ Adaptec Announces the Completion of the Sale of the Data Storage Business
  8. ^ Miller, Stephen (7 November 2002). "NEWS WATCH: DIGITAL RECORDERS; An Afterlife on Disc For That Fading Video". New York Times. Retrieved 11 March 2014. "Adaptec is one of several companies selling kits for converting analog tapes to digital video at affordable prices." 

External links[edit]