Tech Company M&A Transactions
StoreAge Networking Technologies Acquisition
On 10/25/2006, StoreAge Networking Technologies was acquired by LSI Corporation. LSI Corporation said the transaction price was $50 million.
Transaction Overview
Company Name
Acquired By
Announced On
10/25/2006
Transaction Type
M&A
Amount
$50,000,000
M&A Terms
Under terms of the agreement, LSI will acquire all outstanding StoreAge capital stock for $50 million in cash. Additionally, LSI anticipates offering employment to all StoreAge employees, who are expected to join the company's Engenio Storage Group upon closing. The transaction is expected to close in the fourth quarter of 2006 and is subject to satisfaction of customary closing conditions.
Company Information
Company Status
Acquired or Merged
Industry
Storage
Mailing Address
Undisclosed
Nesher, Undisclosed
Israel
Nesher, Undisclosed
Israel
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
StoreAge Networking Technologies, a privately held company based in Nesher, Israel with US offices in Irvine, California, provides SAN storage management and multi-tiered, data protection software for the enterprise.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
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