Tuesday, November 28, 2006
LSI Logic Completes StoreAge Acquisition
LSI Logic announced today that it has completed its acquisition of Irvine-based StoreAge Networking Technologies, a provider of SAN storage management and data protection software. The previously announced deal was worth $50M in cash. StoreAge develops storage software used by companies for virtualization, storage replication, snapshot, and data management. The firm's research and development offices are located in Nesher, Israel.