LSI Logic Corporation and American Megatrends, Inc. today announced an agreement in which LSI Logic will acquire the assets of AMI's RAID business.
According to the companies, LSI Logic will gain AMI's more than 200 RAID employees, including 120 hardware and software engineers based in Norcross, GA, Fremont, CA and other sales service locations. LSI Logic will also acquire AMI's MegaRAID software intellectual property and host adapter board product family. These boards support Fibre Channel, SCSI and other leading storage I/O standards.
"This strategic acquisition will strengthen LSI Logic's product offerings for our customers in the storage components space," said John D'Errico, LSI Logic executive vice president for Storage and Internet Computing Components. "The addition of AMI's market-leading MegaRAID technology and products to LSI Logic's Fibre Channel and SCSI expertise will result in next-generation products that meet the requirements of our customer base."
The companies expect the transaction to close during its second quarter ending June 30 and is expected to be immediately accretive to LSI Logic's earnings