According to industry reports last week, Adaptec is on the verge of acquiring Eurologic Systems, a storage subsystem manufacturer.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The acquisition is aimed at increasing Adaptec's Storage Area Network (SAN) offerings. Eurologic sells network storage hardware and software though OEMs and is based in Ireland. The deal is reportedly valued at $50 million.
Adaptec acquired Tricord's Network Attached Storage (NAS) assets late last year. Adaptec is one of the leading suppliers of SCSI adapters, and a deal with Eurologic could help the company tap into the growing IP SAN marketplace. IP SAN's growth is expected to increase since the recent approval of the iSCSI standard and Microsoft's recently announced support of iSCSI.http://www.storageadmin.com/articles/index.cfm?articleid=38214