Company:Adaptec
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 Adaptec HQ | |
| Type | Public |
|---|---|
| NASDAQ: ADPT[1] | |
| Industry | Computer storage |
| Fate | Acquired by PMC-Sierra |
| Founded | 1981 |
| Founder | Larry Boucher |
| Defunct | June 8, 2010 |
| Headquarters | Milpitas, California , |
| 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 mid-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]
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.[5] The transaction was expected to close in approximately 30 days, subject to customary closing conditions.[6] 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.[7][8]
On June 8, 2010, PMC-Sierra and Adaptec announced the completion of the acquisition.[9][10] PMC-Sierra renamed the channel storage business "Adaptec by PMC". PMC-Sierra was in turn acquired by Microsemi in January 2016.[11]
The old Adaptec, Inc. changed its name to ADPT Corporation,[12] and then again to Steel Excel, Inc.[13] Steel Excel is now an investment firm.
Products
Adaptec produced interface products involving SCSI, USB, IEEE 1394, iSCSI, Fibre Channel, and video.[14] 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.[15]
Sources
References
- ↑ "Adaptec, Inc. (ADPT) President and Chief Executive Officer to Ring the NASDAQ Stock Market Opening Bell". Nasdaq. December 12, 2006. https://www.nasdaq.com/about/press-center/adaptec-inc-adpt-president-and-chief-executive-officer-ring-nasdaq-stock-market.
- ↑ Hunt, Laura (August 16, 1999). "1981". Computerworld (IDG Enterprise): p. 72. ISSN 0010-4841. https://books.google.com/books?id=YiADVISYjfcC. "1981 [...] Larry Boucher founds Adaptec Inc."
- ↑ "Adaptec Buys Trantor Systems". The Wall Street Journal: A5. March 2, 1993. https://www.proquest.com/docview/398408965/.
- ↑ Williams, Elisa (July 14, 1995). "Adaptec acquires Irvine-based Future Domain for $25 million". The Orange County Register: C2. https://www.proquest.com/docview/272814070/.
- ↑ "PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business" (Press release). PMC-Sierra. June 8, 2010. Archived from the original on March 11, 2014. Retrieved March 11, 2014.
- ↑ "PMC-Sierra, Form 8-K, Current Report, Filing Date May 10, 2010". secdatabase.com. http://pdf.secdatabase.com/1820/0001193125-10-113750.pdf.
- ↑ "PMC-Sierra Announces Agreement to Acquire the Channel Storage Business From Adaptec". http://investor.pmcs.com/phoenix.zhtml?c=74533&p=irol-newsArticle&ID=1424409.
- ↑ "Adaptec Announces $34 Million Sale of RAID Storage Business to PMC-Sierra Inc.". http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1424430. Retrieved April 4, 2023.
- ↑ "PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business". http://investor.pmcs.com/phoenix.zhtml?c=74533&p=irol-newsArticle&ID=1436054.
- ↑ "Adaptec Announces the Completion of the Sale of the Data Storage Business". http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1436074. Retrieved April 4, 2023.
- ↑ "Investor Relations | Microchip Technology". http://investor.microsemi.com/2016-01-15-Microsemi-Corporation-Completes-Acquisition-of-PMC-Sierra-Inc.
- ↑ "Adaptec Changes Its Name to ADPT Corporation". http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1444704. Retrieved April 4, 2023.
- ↑ "ADPT Corporation Changes Name to Steel Excel Inc. and Completes Reverse/Forward Stock Split". http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1613073. Retrieved April 4, 2023.
- ↑ Miller, Stephen (7 November 2002). "NEWS WATCH: DIGITAL RECORDERS; An Afterlife on Disc For That Fading Video". The New York Times. https://www.nytimes.com/2002/11/07/technology/news-watch-digital-recorders-an-afterlife-on-disc-for-that-fading-video.html. "Adaptec is one of several companies selling kits for converting analog tapes to digital video at affordable prices."
- ↑ "Products". http://www.adaptec.com/en-us/products/.
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