M&A Deal Summary

QLogic Acquires SilverStorm Technologies

On October 3, 2006, QLogic acquired technology hardware company SilverStorm Technologies for 60M USD

Acquisition Highlights
  • This is QLogic’s 3rd transaction in the Technology Hardware sector.
  • This is QLogic’s 3rd largest (disclosed) transaction.
  • This is QLogic’s 5th transaction in the United States.
  • This is QLogic’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2006-10-03
Target SilverStorm Technologies
Sector Technology Hardware
Buyer(s) QLogic
Deal Type Add-on Acquisition
Deal Value 60M USD
Advisor(s) Bowen (Financial)

Target

SilverStorm Technologies

King of Prussia, Pennsylvania, United States
SilverStorm Technologies, Inc. designs, manufactures and services a family of networking hardware and software products that dramatically improve cluster performance and scalability. SilverStorm provides end-to-end, high performance interconnect fabric solutions for cluster and grid computing networks. SilverStorm products address the unique performance and I/O requirements of enterprise class servers, blade servers and storage devices as data center architecture building blocks.

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Buyer(S) 1

Buyer

QLogic

Aliso Viejo, California, United States
Category Company
Founded 1992
Sector Semiconductors
Employees782
Revenue 459M USD (2016)
DESCRIPTION

QLogic Corp. is a provider of high performance storage networking solutions including Fibre Channel host bus adapters (HBAs), blade server embedded Fibre Channel switches, Fibre Channel stackable switches, iSCSI HBAs, iSCSI routers and storage services platforms for enabling advanced storage management applications.

DEAL STATS #
Overall 5 of 7
Sector (Technology Hardware) 3 of 4
Type (Add-on Acquisition) 4 of 5
State (Pennsylvania) 1 of 1
Country (United States) 5 of 7
Year (2006) 1 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-08 Troika Networks

Westlake Village, California, United States

Troika Networks, Inc. is a provider of superior platform for hosting storage services.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-14 PathScale

Wilmington, Delaware, United States

PathScale, Inc. is a developer of technology hardware services. The PathScale InfiniPath, InfiniBand Adapter and EKOPath Compiler Suite drive Linux(R) clusters to performance levels that can exceed the most powerful supercomputers.

Buy $109M
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