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Exar to buy GE network adapter solutions provider

Posted: 11 Feb 2010     Print Version  Bookmark and Share

Keywords:Gigabit Ethernet network  data centres  virtual 

Exar Corporation has signed a definitive agreement to acquire Neterion Inc., a privately held company based in California recognised for its Gigabit Ethernet (GE) network adapter solutions. The transaction is expected to close during the current quarter ending in March, 2010.

"The combined capabilities that Exar and Neterion will offer address not only the requirements of today's data centres but enable critical features for the evolving needs of next generation data centres," said Pete Rodriquez, Exar's president and chief executive officer. "Neterion is a recognised leader in 10 Gigabit Ethernet network adapter solutions optimised for virtualised data centres with an array of top-tier enterprise server and storage customers. Their product portfolio represents an ideal complement to Exar's market-leading solutions for hardware accelerated data encryption, compression and deduplication."

"We are very excited to be joining the Exar team," said Todd Oseth, Neterion's president and CEO. "Exar's technology portfolio, as well as engineering, marketing, and sales resources, allows a new level of focus on meeting the needs of our customers."

"Today, data centres are tasked with not only expanding their capabilities to meet the demands of more users that have access to more bandwidth and larger data sets, but doing so while managing rising operational costs," said John Williams, Exar's VP of datacom and storage business. "Neterion's hardware optimised 10 Gigabit Ethernet V-NIC adapters provide an optimal platform for IT organisations targeting server consolidation. Exar's Hifn Technology products provide the capabilities to not only secure those virtual partitions, but to optimise network bandwidth utilisation with hardware data compression, all of this with negligible impact to server performance and power."

The purchase price is estimated to be between Rs.46.18 crore and Rs.50.79 crore ($10 million and $11 million) net of cash received. No other terms of the agreement are being disclosed.

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