Well here's a bit of a shocker. A company called LSI has signed a definitive agreement to acquire SandForce, makers of all those high-speed solid state drive (SSD) controllers that are so popular in the performance category. Most people assumed it would be a company like Intel, or even Corsair who would eventually swoop in and scoop SandForce up, just as OCZ did with Indilinx.
But it was LSI who made the move, agreeing to pay approximately $322 million in cash and assume in the neighborhood of $48 million of unvested stock options and restricted shares held by SandForce employees. In recent years, LSI has focused most of its attention on networking and storage solutions for the enterprise.
"Flash-based solutions are critical for accelerating application performance in servers, storage and client devices," said Abhi Talwalkar, LSI president and chief executive officer. "Adding SandForce’s technology to LSI’s broad storage portfolio is consistent with our mission to accelerate storage and networking. The acquisition represents a significant, rapidly growing market opportunity for LSI over the next several years."
LSI is at least somewhat familiar with SandForce's technology, which powers the company's WarpDrive (pictured above) family of products. Once the acquisition is finalized, LSI envisions itself becoming an industry leader in the high-volume flash storage processor market space for ultrabook, notebook, and enterprise SSD and flash solutions.
The transaction is expected to close in the first quarter of 2012.