QLogic acquires Troika Networks

By agencies   |   Thursday, 20 October 2005, 07:00 Hrs
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ALISO VIEJO: QLogic Corp. (Nasdaq:QLGC), the maker of Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, announced that they are acquiring Troika Networks for $36.5 million in cash.

H.K. Desai is the founder of QLogic Corp.

Troika acceleration technology will be integrated into entry-level and mid-range QLogic virtualization platforms that host leading OEM and ISV software solutions. Announcing this, QLogic Corporation’s CEO, H K Desai said: “OEMs are seeing a need for virtualization solutions tailored to their customer's small and medium enterprises. QLogic will provide virtualization platforms for OEMs to build high-performance, low-cost solutions with the software of their choice.”

Anthem Venture Partners is the lead investor in Troika and advised Troika on the transaction. Troika’s founder and CEO, Bill Terrell said: “We are excited about joining QLogic, the industry leader in storage networking solutions for OEMs. There is a tremendous fit with the QLogic team as well as with their product focus.”

QLogic products are delivered to small, medium and large enterprises around the
world, powering solutions from leading companies like Cisco, Dell, EMC, HP, IBM, NEC, Network Appliance and Sun Microsystems.

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