Adaptec Completes Acquisition Of Incat Systems.MILPITAS, Calif.--(BUSINESS WIRE)--Aug. 23, 1995--Adaptec announced today that it has completed its acquisition of Incat Systems Software USA, Inc. which was previously announced on July 26, 1995. The transaction was completed for 385,078 shares of Adaptec common stock and future financial consideration contingent upon certain performance criteria. Incat Systems, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. founded in 1983 and located in Campbell, Calif., develops and markets application and I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output software for recordable CD peripherals (CD-R (CD-Recordable) A writable CD technology using a type of compact disc that can be recorded, but not erased (CD-Rs are "write once" discs). CD-R discs are used to master CD-ROMs, to back up data and to make copies of data for distribution. ). Adaptec, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADPT ADPT Automated Data Processing/Telecommunications ADPT Adaptec Corporation (stock symbol) ADPT Adaptive Prediction ADPT Auger Depth Profiling Technique ADPT Automated Data Processing Telecommunications ADPT Adapter ) designs, manufactures and markets IOware solutions to eliminate performance bottlenecks between microcomputers, networks, and peripherals. Solutions range from simple connectivity products for single-user and small-office desktops, to intelligent subsystem, high performance SCSI SCSI in full Small Computer System Interface Once common standard for connecting peripheral devices (disks, modems, printers, etc.) to small and medium-sized computers. SCSI has given way to faster standards, such as Firewire and USB. , RAID and ATM products for enterprise-wide computing and networked environments. Adaptec I/O solutions are incorporated into the products of virtually all the major computer and peripheral manufacturers around the world. Founded in 1981, and headquartered in Milpitas, Calif., Adaptec is a recognized market leader in high performance I/O technology. Adaptec currently employs approximately 1,800 people, and with its global distribution network, serves customers worldwide. Adaptec's World Wide Web home page address is http://www.adaptec.com. -0- Note to Editors: Adaptec and IOware are trademarks of Adaptec, Inc., which may be registered in some jurisdictions. CONTACT: Adaptec, Milpitas Bruce Frymire, 408/957-4893 |
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