Tuesday, October 24, 2006

LSI Logic to Acquire StoreAge Networking Technologies

LSI Logic Corporation agreed to acquire StoreAge Networking Technologies, a developer of SAN storage management and multi-tiered, data protection software, for $50 million in cash.

StoreAge is based in Nesher, Israel with US offices in Irvine, California.

LSI Logic said the acquisition would enable it to offer its OEM and channel customers a richer set of products and features for enterprise storage.