American Megatrends Inc. to Sell Industry-Leading RAID Business to LSI Logic.Business Editors & High Tech WritersATLANTA--(BUSINESS WIRE)--May 29, 2001 Editorial Summary -- AMI agrees to sell RAID software and hardware expertise, including more than 200 employees to LSI -- The transaction is anticipated to close during the second quarter ending June 30 American Megatrends American Megatrends Incorporated (AMI) is a Georgia, USA based hardware company that creates PC hardware and firmware. It was founded in 1985 by the current chairman and president, S. Shankar. Inc. (AMI), the leader in storage and computing innovations worldwide, and LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic Corporation (NYSE NYSE See: New York Stock Exchange :LSI) today agreed to the sale of AMI's industry-leading RAID business and intellectual property, including its high-performance PCI-based RAID host adapter Also called a "controller" or "host bus adapter," it is a device that connects one or more peripheral units to a computer. It is typically an expansion card that plugs into the bus. IDE and SCSI are examples of peripheral interfaces that call their controllers host adapters. See host. controllers. According to the terms of the agreement, AMI will sell its MegaRAID software intellectual property and host adapter board product family to LSI. RAID (redundant array of independent disks) provides higher performance storage capabilities and enhanced data security by grouping hard disks into fault tolerant clusters. These boards support Fibre Channel, 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. and other leading storage 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 standards. More than 200 AMI employees, including hardware and software engineers based in Norcross, Ga., Fremont, Calif., and other sales, service and support locations, are included in the acquisition as well. The cash transaction is anticipated to close during LSI Logic's second quarter ending June 30. The agreement is subject to the satisfaction of customary closing conditions and regulatory approvals including the Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. . "We are very proud that the AMI MegaRAID controller has been the number one RAID host adapter for three years in a row," said Subramonian Shankar, AMI president, chairman and co-founder. "This transaction will allow our work to be taken to even greater heights with LSI Logic's leadership and marketing capabilities. AMI will continue to focus on the development of new products, consistent with the entrepreneurial spirit that defines our company." "This strategic acquisition will strengthen LSI Logic's product offerings for our customers in the storage components space," said John D'Errico, LSI Logic executive vice president for Storage and Internet Computing Components. "The addition of AMI's market-leading MegaRAID technology and products to LSI Logic's Fibre Channel and SCSI expertise will result in next-generation products that meet the requirements of our customer base." About AMI Founded in 1985, American Megatrends Inc. (AMI) has dedicated its resources to providing OEMs, resellers and systems integrators with leading edge computer technologies. This privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , best known for its BIOS, also supplies state-of-the-art hardware, software, utilities and RAID controllers to over 55 percent of today's high-tech manufacturers. Headquartered in Atlanta, AMI has locations in the U.S. and throughout the world including London, Chennai, Munich, Seoul, Taipei and Tokyo to better serve its customers. AMI is a voting member of the Storage Networking Industry Association An association of producers and consumers of storage networking products, whose goal is to further storage networking technology and applications. The Storage Networking Industry Association, or SNIA (SNIA (Storage Networking Industry Association, San Francisco, CA, www.snia.org) An organization devoted to the advancement of mission critical storage systems. Founded in 1997, its goal is to determine the standards that must be developed to allow hosts and storage systems to interact via ). For more information on AMI, its products or services, call 1-800-U-BUY-AMI or visit www.ami.com. About LSI Logic LSI Logic Corporation (NYSE:LSI) is a leading designer and manufacturer of communications and storage semiconductors for applications that access, interconnect and store data, voice and video. In addition, the company supplies storage network solutions for the enterprise. LSI Logic is headquartered at 1551 McCarthy Boulevard, Milpitas, CA 95035, 866-574-5741 (within U.S.), 719-533-7679 (outside U.S.), http://www.lsilogic.com. |
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