LSI To Pick Up SandForce For $322M

Law360, New York (October 26, 2011, 7:11 PM EDT) -- Network storage solutions provider LSI Corp. agreed to buy SandForce Inc., which provides flash storage processors for enterprise and client flash solutions, by paying $322 million cash and assuming $48 million in stock, LSI announced Wednesday.

The acquisition is intended to extend LSI's industry-leading position and breadth in storage technology solutions, the company said in a statement.

In addition, it will enhance LSI's ability to compete in the fast-growing server and storage peripheral component interconnect express, or PCIe, flash adapter market by combining LSI's custom capability...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.