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To: Pirah Naman who wrote (9343)3/20/2001 3:17:14 PM
From: James Connolly  Read Replies (2) | Respond to of 10309
 
Intel Acquires ICP Vortex
intel.com

SANTA CLARA, Calif., March. 20, 2001 - Intel today announced it has acquired privately held ICP vortex Computersysteme in a cash-for-stock transaction. The Germany-based company is a leader in intelligent storage solutions. Specific terms of the transaction were not disclosed.

ICP vortex's storage solutions will complement Intel's existing business of providing input/output (I/O) building blocks for the networked storage market segment. These products include Intel I/O processors, Intel integrated RAID reference designs, software and controller cards. These solutions are part of the Intel® Internet Exchange Architecture, an end-to-end family of high-performance, flexible and scalable hardware and software building blocks enabling faster development, more cost-effective deployment and future upgradability of network and communications systems.

"Over the past few years, Intel has built a very successful I/O building block business based on the Intel® i960® I/O processor, and more recently the IOP310 I/O processor based on the new Intel® XScaleā„¢ microarchitecture," said Wendy Vittori, general manager of Intel's I/O and bridges division. "With the addition of ICP vortex, we are enhancing Intel's ability to meet the needs of our computer and storage OEM customers with a broader range of intelligent storage building blocks."