Adaptec
 | |
 Adaptec HQ | |
| Company type | Public |
|---|---|
| Nasdaq:ADPT[1] | |
| Industry | Computer storage |
| Founded | 1981 |
| Founder | Larry Boucher |
| Defunct | June 8, 2010 |
| Fate | Acquired byPMC-Sierra |
| Headquarters | , |
| Products | RAID,host adapter |
Adaptec, Inc.,was acomputer storagecompany and remains a brand for computer storage products. The company was an independent firm from 1981 to 2010, at which point it was acquired byPMC-Sierra,which itself was later acquired byMicrosemi,which itself was later acquired byMicrochip Technology.
History
[edit]
Larry Boucher, Wayne Higashi, and Bernard Nieman founded Adaptec in 1981.[2]At first, Adaptec focused on devices withParallel SCSIinterfaces. Popularhost bus adaptersincluded the 154x/15xxISAfamily, the 2940PCIfamily, and the 29160/-320 family. Their cross-platformASPIwas an earlyAPIfor accessing and integrating non-disk devicesliketape drives,scannersandoptical disks.With advancements in technology,RAIDfunctions were added while interfaces evolved toPCIeandSAS.
Adaptec made a number of acquisitions in the 1990s to expand their reach in the SCSI peripheral market. In March 1993, they acquiredTrantor Systems Ltd.ofFremont, California,for $10 million.[3]In July 1995, they acquiredFuture Domain CorporationofIrvine, California,for $25 million.[4]In 1999, they acquiredDistributed Processing Technologyfor $236 million.[5][6]
On May 10, 2010,PMC-Sierra, Inc.and Adaptec, Inc. announced they had entered into a definitive agreement of PMC-Sierra acquiring Adaptec's channel storage business on May 8, 2010, which included Adaptec'sRAIDstorage product line, the Adaptec brand, a global value added reseller customer base, board logistics capabilities, and SSD cache performance solutions.[7]The transaction was expected to close in approximately 30 days, subject to customary closing conditions.[8]Following the sale, Adaptec would retain its Aristos ASIC technology business, certain real estate assets, more than 200 patents, and approximately $400 million in cash and marketable securities.[9][10]
On June 8, 2010, PMC-Sierra and Adaptec announced the completion of the acquisition.[11][12]PMC-Sierra renamed the channel storage business "Adaptec by PMC". PMC-Sierra was in turn acquired byMicrosemiin January 2016.[13]
The old Adaptec, Inc. changed its name to ADPT Corporation,[14]and then again to Steel Excel, Inc.[15]Steel Excel is now aninvestment firm.
Products
[edit]Adaptec produced interface products involvingSCSI,USB,IEEE 1394(Firewire),iSCSI,Fibre Channel,and video.[16]Adaptec once produced CD- and DVD-burning software under the brand names ofEasy CD CreatorandToast,as well asnetwork-attached storagedevices such as theSnap Serverproduct line.
The Adaptec brand is used to sell host bus adapters, RAID adapters, SAS expander cards, cables, and accessories.[17]
Sources
[edit]References
[edit]- ^"Adaptec, Inc. (ADPT) President and Chief Executive Officer to Ring the NASDAQ Stock Market Opening Bell".Nasdaq. December 12, 2006.
- ^Hunt, Laura (August 16, 1999)."1981".Technology Flashback.Computerworld.Vol. 33, no. 33. p. 72.ISSN0010-4841.RetrievedJune 4,2024– via Google Books.
1981 [...] Larry Boucher founds Adaptec Inc.
- ^"Adaptec Buys Trantor Systems".The Wall Street Journal:A5. March 2, 1993 – via ProQuest.
- ^Williams, Elisa (July 14, 1995)."Adaptec acquires Irvine-based Future Domain for $25 million".The Orange County Register:C2 – via ProQuest.
- ^"Adaptec Agrees to Acquire DPT for About $235 Million".The Wall Street Journal.November 1, 1999.RetrievedNovember 30,2017.
- ^Staff writer (January 17, 2000)."While we were away".Electronics Times.Miller Freeman: 16 – via ProQuest.
- ^"PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business"(Press release). PMC-Sierra. June 8, 2010. Archived fromthe originalon March 11, 2014.RetrievedMarch 11,2014.
- ^"PMC-Sierra, Form 8-K, Current Report, Filing Date May 10, 2010"(PDF).secdatabase.com.RetrievedDecember 30,2012.
- ^"PMC-Sierra Announces Agreement to Acquire the Channel Storage Business From Adaptec".Archived fromthe originalon July 12, 2012.RetrievedMarch 9,2012.
- ^"Adaptec Announces $34 Million Sale of RAID Storage Business to PMC-Sierra Inc".Archived from the original on July 11, 2012.RetrievedApril 4,2023.
{{cite web}}:CS1 maint: bot: original URL status unknown (link) - ^"PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business".Archived fromthe originalon July 17, 2012.RetrievedMarch 9,2012.
- ^"Adaptec Announces the Completion of the Sale of the Data Storage Business".Archived from the original on July 13, 2012.RetrievedApril 4,2023.
{{cite web}}:CS1 maint: bot: original URL status unknown (link) - ^"Investor Relations | Microchip Technology".Archived fromthe originalon February 3, 2017.RetrievedMarch 11,2016.
- ^"Adaptec Changes Its Name to ADPT Corporation".Archived from the original on July 9, 2012.RetrievedApril 4,2023.
{{cite web}}:CS1 maint: bot: original URL status unknown (link) - ^"ADPT Corporation Changes Name to Steel Excel Inc. and Completes Reverse/Forward Stock Split".Archived from the original on July 10, 2012.RetrievedApril 4,2023.
{{cite web}}:CS1 maint: bot: original URL status unknown (link) - ^
Miller, Stephen (November 7, 2002)."NEWS WATCH: DIGITAL RECORDERS; An Afterlife on Disc For That Fading Video".The New York Times.RetrievedMarch 11,2014.
Adaptec is one of several companies selling kits for converting analog tapes to digital video at affordable prices.
- ^"Products".Adaptec.RetrievedApril 4,2023.
