COSTA MESA, Calif., Nov. 17, 2003 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX) announced today that it has completed its acquisition of Vixel Corporation. Emulex acquired Vixel through a cash tender offer for $10.00 a share, and a subsequent merger of a wholly-owned subsidiary with and into Vixel. Vixel shares have been delisted from Nasdaq, and ceased trading at the close of business today.
With the completion of the merger, Emulex, the world's largest supplier of Fibre Channel HBAs, adds a growing SAN infrastructure business with a broad portfolio of OEM design wins for embedded switching solutions. "Emulex is now positioned to deliver to OEM customers both the I/O silicon traditionally produced by Emulex and the InSpeed embedded switching solutions supplied by Vixel, including embedded switch on a chip (SOC) and root switch products, that are core to next-generation storage architectures," said Paul F. Folino, Chairman and CEO of Emulex. "This is a very complementary acquisition that leverages a common OEM business model, offers financial synergies, and promises more innovative solutions for the industry."
About Emulex
Emulex Corporation is the world's largest supplier and developer of storage networking host bus adapters and a leading provider of embedded storage connectivity technologies to the industry's top-tier storage and server manufacturers. Emulex was recently named one of Forbes Magazine's 25 Fastest Growing Technology Companies in 2002, and ranked number 15 in Deloitte & Touche's 2003 Technology Fast 50.
The Emulex award-winning product families, including its LightPulse(tm) HBAs and InSpeed(tm) embedded storage switching products, are based on internally developed ASIC, firmware and software technologies spanning both Fibre Channel and IP networking protocols, and offer customers high performance, scalability, flexibility and reduced total cost of ownership. The company's products have been selected by the world's leading server and storage providers, including Apple, Dell, EMC, Fujitsu Siemens, Groupe Bull, HP, Hitachi Data Systems, IBM, NEC, Network Appliance, StorageTek, Sun Microsystems, Unisys and Xyratex. In addition, Emulex includes industry leaders Brocade, Computer Associates, Intel, McDATA, Microsoft and VERITAS among its strategic partners. Additionally, Emulex and Intel, via a joint development agreement, are pioneering the industry's first storage processors for Serial ATA, Serial Attached SCSI and Fibre Channel interfaces within a single architecture.
Emulex markets to OEMs and end users through its own worldwide selling organization, as well as its two-tier distribution partners, including ACAL, Avnet, Bell Microproducts, Info-X, Netmarks, Tech Data, TidalWire and Tokyo Electron. Corporate headquarters are located in Costa Mesa, California. News releases and other information about Emulex Corporation are available at www.emulex.com.
EMULEX / We network storage
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