Adaptec to Acquire RAID Company DPT – Company Business and Marketing

Adaptec to Acquire RAID Company DPT – Company Business and Marketing – Brief Article

Adaptec, Inc. and Distributed Processing Technology (DPT) announced that they have signed a letter of intent under which Adaptec will acquire DPT for $235 million. The purchase price will include cash for the outstanding shares of DPT, plus the costs of assuming the DPT stock option plan. DPT, a privately-held company based in Maitland, Florida, provides storage solutions including adapters, RAID controllers, storage subsystems, and management software. This acquisition is intended to strengthen Adaptec’s and its solutions in the RAID market.

(Adaptec, Inc., 691 South Milpitas Boulevard, Milpitas, CA 95035; 800/442-7274, 408/945-8600; Fax 408/262-2533; http://www.adaptec.com)

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