After months of shopping itself, storage networking vendor #QLogic has a buyer. #Cavium pays $1 billion
Networking semiconductor vendor Wednesday said it will pay $1 billion for the FC and Ethernet adapter company in a deal expected to close in the third quarter of 2016. The deal adds to the evidence that storage networking is a best fit as part of a larger Ethernet-dominated networking company.
#Cisco kicked off the trend of combining networking and storage when the Ethernet giant stared selling Fibre Channel SAN switchesin 2003. The FC connectivity market has seen a great deal of consolidation since then, with FC vendors either going away or joining forces with Ethernet companies.
#Avago Technologies acquired QLogic rival #Emulex for $606 million in 2015. That deal was sandwiched between Avago’s purchases of storage and networking chip firm #LSI and networking connectivity vendor Broadcom.
http://searchstorage.techtarget.com/blog/Storage-Soup/Cavium-pays-1-billion-for-QLogic-storage
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