AMCC to acquire JNI for Fibre Channel Products

Applied Micro Circuits Corporation agreed to acquire JNI Corporation, a supplier of Fibre Channel hardware and software products, for approximately $190 million in cash. JNI's assets include approximately $90 million of cash and investments. JNI offers a line of Fibre Channel-based host bus adapters (HBAs), InfiniBand Host Channel Adapters, storage ASICs and software. The products operate on Solaris, Windows, HP-UX, AIX and Linux systems. AMCC said its expertise in physical layer and multi processor design is highly leveraged in host bus adapters. JNI is based in San Diego.
http://www.amcc.com
http://www.jni.com