LSI to Acquire ONStor for Clustered NAS Solutions

LSI Corporation has agreed to acquire ONStor, a privately-held developer of clustered network-attached storage (NAS) solutions, for approximately $25 million in cash inclusive of assumed debt and other net liabilities.


ONStor, which is based in Campbell, California, offers NAS solutions designed to help enterprises consolidate, protect and manage the accelerating growth of unstructured data. ONStor products include NAS gateways, NAS systems and unified storage systems sold to end users through a worldwide network of channel partners and original equipment manufacturers (OEMs).


"The rapid growth of unstructured data is creating significant challenges for enterprises in provisioning, protecting and managing their storage in an efficient and cost-effective manner," said Abhi Talwalkar, LSI president and chief executive officer. "With the addition of ONStor products and technology, LSI will be well positioned to offer a comprehensive set of storage solutions to help enterprise customers effectively manage both their unstructured and structured data with ease."http://www.lsi.com