6/13/2003 - Adaptec, Inc. (NASDAQ: ADPT), the global leader in storage infrastructure solutions, announced it has acquired ICP vortex Computersysteme GmbH, a leading provider of data protection products for customers across Europe. ICP vortex was an indirect wholly-owned subsidiary of Intel Corporation. Financial terms were not disclosed.
Based in Germany, ICP vortex provides a broad range of hardware and software RAID (redundant array of independent disks) data protection solutions, including SCSI, Serial ATA (SATA) and Fibre Channel products. The company's products are sold to major original equipment manufacturers and through value-added resellers.
Adaptec plans to continue the ICP vortex operation in Europe, complementing Adaptec's other offerings for storage connectivity, data protection, storage networking and external storage.
“The ICP vortex brand is among the most recognized and trusted brands for data protection in Germany and across Europe, and we're pleased to add the ICP vortex team to our global operation,” said Ahmet Houssein, vice president and general manager of Adaptec's Storage Solutions Group. “ICP vortex's capabilities further extend Adaptec's strength in delivering end-to-end storage infrastructure - from core data protection technology to turnkey networked storage solutions - to our customers worldwide.”
ICP vortex had been an indirect wholly-owned subsidiary of Intel since March 2001.
About ICP vortex
ICP (Intelligent Computer Peripherals?) vortex was founded in 1990 and became a wholly owned indirect subsidiary of Intel Corporation in March 2001. The company provides a broad portfolio of RAID data protection solutions for SCSI, Serial ATA and Fibre Channel disk drive arrays. The company is headquartered in Neckarsulm, Germany.
Adaptec Inc. (NASDAQ:ADPT) provides end-to-end storage infrastructure solutions that reliably move, manage and protect critical data and digital content. Adaptec provides software and hardware solutions for storage connectivity and data protection, storage networking and networked storage subsystems to leading OEM and distribution channel partners. Adaptec solutions are in use by enterprises, ISPs, medium and small businesses and consumers worldwide. Adaptec is an S&P Small Cap 600 Index member.
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