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Thread: Lsi buys sandforce for 322 million

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    Default Lsi buys sandforce for 322 million

    MILPITAS, Calif., Oct. 26, 2011 /PRNewswire/ -- LSI Corporation (NYSE: LSI) today announced that it has signed a definitive agreement to acquire SandForce, Inc., the leading provider of flash storage processors for enterprise and client flash solutions and solid state drives (SSDs). Under the agreement, LSI will pay approximately $322 million in cash, net of cash assumed, and assume approximately $48 million of unvested stock options and restricted shares held by SandForce employees.
    SandForce's award-winning products include flash storage processors at the heart of PCIe flash adapters and SSDs. Flash storage processors provide the intelligence required to deliver the performance and low-latency benefits of flash storage in enterprise and client applications. With market-proven, differentiated DuraClass™ technology, SandForce flash storage processors improve the reliability, endurance and power efficiency of flash-based storage solutions.
    The acquisition greatly enhances LSI's competitive position in the fast-growing server and storage PCIe flash adapter market, where the WarpDrive™ family of products from LSI already uses SandForce flash storage processors. The complementary combination of LSI's custom capability and SandForce's standard product offering propels LSI into an industry-leading position in the rapidly growing, high-volume flash storage processor market space for ultrabook, notebook and enterprise SSD and flash solutions.
    "Flash-based solutions are critical for accelerating application performance in servers, storage and client devices," said Abhi Talwalkar, LSI president and chief executive officer. "Adding SandForce's technology to LSI's broad storage portfolio is consistent with our mission to accelerate storage and networking. The acquisition represents a significant, rapidly growing market opportunity for LSI over the next several years."
    Michael Raam, SandForce president and CEO, said, "The combination of SandForce and LSI allows us to deliver differentiated solutions in the PCIe flash adapter segment by tightly integrating flash memory and management. In addition, leveraging our flash storage processors with LSI's comprehensive IP portfolio and leading-edge silicon design platforms will lead to innovative solutions."
    The transaction is expected to close early in the first quarter of 2012 subject to customary closing conditions and regulatory approvals. Upon closing, the SandForce team will become part of LSI's newly formed Flash Components Division, with Raam as general manager.
    LSI expects the acquisition to be neutral to non-GAAP* earnings per share in 2012. The company will provide further details during its conference call at 2 p.m. PDT today and discuss third quarter results and the fourth quarter 2011 business outlook.

  2. The following user thanks Bill Gates For this above post:

    realneil (27-10-2011)

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    Default Re: Lsi buys sandforce for 322 million

    Thanks Jon!

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    Default Re: Lsi buys sandforce for 322 million

    So Sandforce is sold, and earlier this year OCZ bought a controller company, Indilinx for 32 million.
    I wonder what forces are at play in this industry?
    I hope this eventually lowers, instead of raises prices on SSD products.

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    Default Re: Lsi buys sandforce for 322 million

    Quote Originally Posted by realneil View Post
    So Sandforce is sold, and earlier this year OCZ bought a controller company, Indilinx for 32 million.
    I wonder what forces are at play in this industry?
    I hope this eventually lowers, instead of raises prices on SSD products.
    I think we are going to see that Indilinx will end up being the superior controller. Look for the new OCZ Octane (Indilinx Everest Controller) drives to drop in in a few days. Octane looks like it could take the performance crown from SandForce although in many ways the m4 already has. IMO of course.

    Performance of the Octane is published at 560MB/s read and 400MB/s write with 45000IOPS at 4k random write aligned disk access. SATA 2 Octane specifications details 275MB/s read with 265MB/s write but the performance numbers are only a small part of the overall Octane picture. Other features include:

    Indilinx NDurance which increases the life span of NAND flash memory by as much as 2 times;

    Industry lowest latency of .06ms guarantees quicker boot times and access to applications;

    Indilinx ‘Fast Boot’ Technology which will decrease boot time by up to 50% over existing SSDs; and

    No data compression related limitations which means faster transfer of music, photos and video.




    Prices haven’t been announced just yet but we do know that the Octane will be available at a $1.10 to 1.30/GB price point which means that initial MSRP for a 256GB SATA 3 drive will only be $332. This puts a 512GB version around $650

    PERFORMANCE AND PRICE

    http://thessdreview.com/latest-buzz/...-1tb-capacity/

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