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Old October 26, 2011, 09:09 PM
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Default LSI to Acquire SandForce

MILPITAS, Calif., October 26, 2011 –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.
Source: LSI Announces Agreement to Acquire SandForce

Last edited by EmptyMellon; October 26, 2011 at 09:29 PM. Reason: reduced text in body and title
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Old October 27, 2011, 05:32 AM
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Interesting, two major SSD controller manufacturers have now gone to other companies (Indilinx to OCZ and now Sandforce to LSI).
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Old October 27, 2011, 06:37 AM
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Default LSI Acquires Sandforce

AnandTech - LSI Announces Agreement to Acquire SandForce

Woke up to this news today. It makes OCZ's acquisition of Indilinx last year look pretty lame in comparison.

As Anand points out, it could lead to SF "driven" Intel SSDs and greater penetration into the enterprise market by SSDs in general..

Then again, Indilinx was still riding pretty high when Sandforce was still in stealth mode a couple of years ago. Is there another company currently in stealth mode that will emerge with the next great SSD technology and make Sandforce next year's Indilinx?

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Old October 27, 2011, 07:21 AM
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Threads merged.


"We know not why he calls for us, only that when he does we must answer" - DMP 2009

"Dear Iceberg, I am sorry to hear about global warming. Karma is a bitch. Signed - Titanic"

I would rather believe and find god doesn't exist than to not believe and find that he does.

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Old October 27, 2011, 05:06 PM
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I'm surprised Samsung hasn't stepped up with a competitive offering yet.

Let's not forget that while most first-gen SSDs were suffering JMicron stuttering issues, SSDs with Samsung controllers were running smoothly and just as fast.

I'd bet on them...
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Old October 28, 2011, 04:35 AM
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Samsung released the PM830 (enterprise) and 830 SATA III SSDs (gah, that's a lot of capitals) recently. The few reviews I've seen have been complimentary and they're reasonably-well priced now on Newegg.com, US$130 for a 64GB drive up to US$850 for a 512GB drive. The SATA II drives, the 470, are priced almost identically to Intel's 320 on per-GB basis.
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agreement to acquire , lsi , sandforce

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