Wednesday, February 4, 2004

Broadcom Buys RAIDCore for $16.5M

Irvine-based Broadcom (www.broadcom.com) has acquired storage silicon provider RAIDCore for $16.5M. RAIDCore develops enterprise level software designed to provide RAID and virtualization capability to servers. The company's products work with Serial ATA and Serial Attached SCSI. Broadcom stated that the initial products from the acquisition would be a highly integrated RAID-on-chip and RAID-on-motherboard solutions for entry and mid-range applications.