(WEB HOST INDUSTRY REVIEW) — Data center equipment provider Emulex (www.emulex.com) announced on Monday it will acquire semiconductor provider ServerEngines (www.serverengines.com) for more than $150 million, including cash and stock.
In addition to this, Emulex will also assume ServerEngines’s outstanding debt of $25 million.
ServerEngines has approximately 170 employees, primarily engineers. The firm is based in Sunnyvale, California, with offices in Austin and Hyderabad, India.
The acquisition is expected to be completed in July, subject to ServerEngines stockholder approval and other closing conditions.
ServerEngines has two primary product families focused on the server and storage market.
The first is its BladeEngine family of 10Gb/s Ethernet ASICs, which provide a best-of-breed performance, and is designed to meet the cost and footprint requirements for LAN on Motherboard applications.
The second is its Pilot family of server management controllers, which provides motherboard capabilities such as baseboard management control, graphics and KVM-over-IP for server platforms.
Emulex’s customer base includes many high-profile IT equipment vendors, including HP, IBM, Dell, EMC, NetApp, Cisco and Fujitsu.
“Over the past two years, our partnership model with ServerEngines has been an extremely effective strategy to establish Emulex in both the 10Gb/s Ethernet and converged networking markets,” says Jim McCluney, Emulex’s president and CEO of Emulex. “However, the combination of ServerEngines’ Ethernet and Internet Small Computer System Interface expertise with our own data center technologies and world-class engineering team in an acquisition provides a significant opportunity to solidify Emulex’s Ethernet-driven network convergence strategy for 2011 and beyond.”
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