Storage vendor LSI Corporation is set to swallow clustered network-attached storage (NAS) vendor ONstor for $25m (£15.2m).
LSI has signed a definitive agreement to buy the California-based vendor, which offers NAS gateways, NAS systems and unified storage systems.
Abhi Talwalkar, LSI chief executive, said: “The rapid growth of unstructured data is creating significant challenges for enterprises in provisioning, protecting and managing their storage in an efficient and cost-effective manner.
“With the addition of ONStor products and technology, LSI will be well positioned to offer a comprehensive set of storage solutions to help enterprise customers effectively manage both their unstructured and structured data with ease.”
LSI expects the acquisition to be roughly neutral to non-GAAP earnings per share in 2009. The company is due to announce its second quarter results on 29 July.
The transaction is expected to close within 30 days.
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