Adaptec Explained

Adaptec, Inc.
Type:Public
Traded As:NASDAQ:[1]
Founder:Larry Boucher
Fate:Acquired by PMC-Sierra
Hq Location City:Milpitas, California
Hq Location Country:United States
Industry:Computer storage
Products:RAID, host adapter

Adaptec, Inc., was a computer storage company and remains a brand for computer storage products. The company was an independent firm from 1981 to 2010, at which point it was acquired by PMC-Sierra, which itself was later acquired by Microsemi, which itself was later acquired by Microchip Technology.

History

Larry Boucher, Wayne Higashi, and Bernard Nieman founded Adaptec in 1981.[2] At first, Adaptec focused on devices with Parallel SCSI interfaces. Popular host bus adapters included the 154x/15xx ISA family, the 2940 PCI family, and the 29160/-320 family. Their cross-platform ASPI was an early API for accessing and integrating non-disk devices like tape drives, scanners and optical disks. With advancements in technology, RAID functions were added while interfaces evolved to PCIe and SAS.

Adaptec made a number of acquisitions in the 1990s to expand their reach in the SCSI peripheral market. In March 1993, they acquired Trantor Systems Ltd. of Fremont, California, for $10 million.[3] In July 1995, they acquired Future Domain Corporation of Irvine, California, for $25 million.[4] In 1999, they acquired Distributed Processing Technology for $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's RAID storage 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 by Microsemi in 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 an investment firm.

Products

Adaptec produced interface products involving SCSI, USB, IEEE 1394 (Firewire), iSCSI, Fibre Channel, and video.[16] Adaptec once produced CD- and DVD-burning software under the brand names of Easy CD Creator and Toast, as well as network-attached storage devices such as the Snap Server product line.

The Adaptec brand is used to sell host bus adapters, RAID adapters, SAS expander cards, cables, and accessories.[17]

Sources

External links

Notes and References

  1. Web site: December 12, 2006 . Adaptec, Inc. (ADPT) President and Chief Executive Officer to Ring the NASDAQ Stock Market Opening Bell . Nasdaq .
  2. Hunt . Laura . August 16, 1999 . 1981 . June 4, 2024 . Technology Flashback . . 72 . Google Books . 33 . 33 . 0010-4841 . 1981 [...] Larry Boucher founds Adaptec Inc..
  3. March 2, 1993 . Adaptec Buys Trantor Systems . The Wall Street Journal . A5 . ProQuest.
  4. Williams . Elisa . July 14, 1995 . Adaptec acquires Irvine-based Future Domain for $25 million . The Orange County Register . C2 . ProQuest.
  5. News: Adaptec Agrees to Acquire DPT for About $235 Million . November 1, 1999 . . November 30, 2017.
  6. Staff writer . January 17, 2000 . While we were away . Electronics Times . Miller Freeman . 16 . ProQuest.
  7. PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business . June 8, 2010 . PMC-Sierra . https://archive.today/20140311080546/http://investor.pmc-sierra.com/phoenix.zhtml?c=74533&p=irol-newsArticle&ID=1436054 . March 11, 2014 . dead . 2014-03-11 . mdy-all .
  8. Web site: PMC-Sierra, Form 8-K, Current Report, Filing Date May 10, 2010 . secdatabase.com . Dec 30, 2012.
  9. Web site: PMC-Sierra Announces Agreement to Acquire the Channel Storage Business From Adaptec . March 9, 2012 . https://archive.today/20120712050317/http://investor.pmcs.com/phoenix.zhtml?c=74533&p=irol-newsArticle&ID=1424409 . July 12, 2012 . dead . mdy-all .
  10. Web site: Adaptec Announces $34 Million Sale of RAID Storage Business to PMC-Sierra Inc.. April 4, 2023. July 11, 2012. https://archive.today/20120711095028/http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1424430. bot: unknown.
  11. Web site: PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business . March 9, 2012 . https://archive.today/20120717233916/http://investor.pmcs.com/phoenix.zhtml?c=74533&p=irol-newsArticle&ID=1436054 . July 17, 2012 . dead . mdy-all .
  12. Web site: Adaptec Announces the Completion of the Sale of the Data Storage Business. April 4, 2023. July 13, 2012. https://archive.today/20120713084246/http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1436074. bot: unknown.
  13. Web site: Investor Relations | Microchip Technology . March 11, 2016 . February 3, 2017 . https://web.archive.org/web/20170203075924/http://investor.microsemi.com/2016-01-15-Microsemi-Corporation-Completes-Acquisition-of-PMC-Sierra-Inc/ . dead .
  14. Web site: Adaptec Changes Its Name to ADPT Corporation. April 4, 2023. July 9, 2012. https://archive.today/20120709035622/http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1444704. bot: unknown.
  15. Web site: ADPT Corporation Changes Name to Steel Excel Inc. and Completes Reverse/Forward Stock Split. April 4, 2023. July 10, 2012. https://archive.today/20120710182043/http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1613073. bot: unknown.
  16. News: NEWS WATCH: DIGITAL RECORDERS; An Afterlife on Disc For That Fading Video . 7 November 2002 . 11 March 2014 . Miller . Stephen . The New York Times. Adaptec is one of several companies selling kits for converting analog tapes to digital video at affordable prices..
  17. Web site: Adaptec. Products. 4 April 2023.

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