Adaptec

Adaptec, Inc.

Adaptec HQ

Type| Public

Traded as

| NASDAQ: ADPT[1]
Industry| Computer storage
Fate| Acquired by PMC-Sierra
Founded| 1981; 45 years ago (1981)
Founder| Larry Boucher
Defunct| June 8, 2010 (2010-06-08)
Headquarters|

Milpitas, California

United States

Products| RAID, host adapter

Adaptec, Inc., was a computer storage company and remains a brand for computer storage products. The company was an independent firm from 1981 to 2010, at which point it was acquired by PMC-Sierra, which itself was later acquired by Microsemi, which itself was later acquired by Microchip Technology.

## Contents

* 1 History
* 2 Products
* 3 Sources
* 4 References
* 5 External links

## History

Adaptec ACB-4000A SASI card from 1985.

Larry Boucher, Wayne Higashi, and Bernard Nieman founded Adaptec in 1981.[2] At first, Adaptec focused on devices with Parallel SCSI interfaces. Popular host bus adapters included the 154x/15xx ISA family, the 2940 PCI family, and the 29160/-320 family. Their cross-platform ASPI was an early API for accessing and integrating non-disk devices like tape drives, scanners and optical disks. With advancements in technology, RAID functions were added while interfaces evolved to PCIe and SAS.

Adaptec made a number of acquisitions in the 1990s to expand their reach in the SCSI peripheral market. In March 1993, they acquired Trantor Systems Ltd. of Fremont, California, for $10 million.[3] In July 1995, they acquired Future Domain Corporation of Irvine, California, for $25 million.[4] In 1999, they acquired Distributed Processing Technology for $236 million.[5][6]

On May 10, 2010, PMC-Sierra, Inc. and Adaptec, Inc. announced they had entered into a definitive agreement of PMC-Sierra acquiring Adaptec's channel storage business on May 8, 2010, which included Adaptec's RAID storage product line, the Adaptec brand, a global value added reseller customer base, board logistics capabilities, and SSD cache performance solutions.[7] The transaction was expected to close in approximately 30 days, subject to customary closing conditions.[8] Following the sale, Adaptec would retain its Aristos ASIC technology business, certain real estate assets, more than 200 patents, and approximately $400 million in cash and marketable securities.[9][10]

On June 8, 2010, PMC-Sierra and Adaptec announced the completion of the acquisition.[11][12] PMC-Sierra renamed the channel storage business "Adaptec by PMC". PMC-Sierra was in turn acquired by Microsemi in January 2016.[13]

The old Adaptec, Inc. changed its name to ADPT Corporation,[14] and then again to Steel Excel, Inc.[15] Steel Excel was an investment firm that then merged with Handy & Harman Ltd. to form Steel Partners, a conglomerate.

## Products

Adaptec produced interface products involving SCSI, USB, IEEE 1394 (Firewire), iSCSI, Fibre Channel, and video.[16] Adaptec once produced CD- and DVD-burning software under the brand names of Easy CD Creator and Toast, as well as network-attached storage devices such as the Snap Server product line.

The Adaptec brand is used to sell host bus adapters, RAID adapters, SAS expander cards, cables, and accessories.[17]

## Sources

* The New York Times: November 2, 1999 – "Adaptec Looks To Strengthen Data-Storage Line"

## References

1. ↑ "Adaptec, Inc. (ADPT) President and Chief Executive Officer to Ring the NASDAQ Stock Market Opening Bell". Nasdaq. December 12, 2006. https://www.nasdaq.com/about/press-center/adaptec-inc-adpt-president-and-chief-executive-officer-ring-nasdaq-stock-market.
2. ↑ Hunt, Laura (August 16, 1999). "1981". Computerworld 33 (33): 72. ISSN 0010-4841. https://books.google.com/books?id=YiADVISYjfcC. Retrieved June 4, 2024. "1981 [...] Larry Boucher founds Adaptec Inc.".
3. ↑ "Adaptec Buys Trantor Systems". The Wall Street Journal: A5. March 2, 1993. ProQuest 398408965. https://www.proquest.com/docview/398408965.
4. ↑ Williams, Elisa (July 14, 1995). "Adaptec acquires Irvine-based Future Domain for $25 million". The Orange County Register: C2. ProQuest 272814070. https://www.proquest.com/docview/272814070.
5. ↑ "Adaptec Agrees to Acquire DPT for About $235 Million". The Wall Street Journal. November 1, 1999. https://www.wsj.com/articles/SB941464103313049161. Retrieved November 30, 2017.
6. ↑ Staff writer (January 17, 2000). "While we were away". Electronics Times (Miller Freeman): 16. ProQuest 230512593. https://www.proquest.com/docview/230512593.
7. ↑ "PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business" (Press release). PMC-Sierra. June 8, 2010. Archived from the original on March 11, 2014. Retrieved March 11, 2014.
8. ↑ "PMC-Sierra, Form 8-K, Current Report, Filing Date May 10, 2010". secdatabase.com. http://pdf.secdatabase.com/1820/0001193125-10-113750.pdf.
9. ↑ "PMC-Sierra Announces Agreement to Acquire the Channel Storage Business From Adaptec". http://investor.pmcs.com/phoenix.zhtml?c=74533&p=irol-newsArticle&ID=1424409.
10. ↑ "Adaptec Announces $34 Million Sale of RAID Storage Business to PMC-Sierra Inc.". http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1424430. Retrieved April 4, 2023.
11. ↑ "PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business". http://investor.pmcs.com/phoenix.zhtml?c=74533&p=irol-newsArticle&ID=1436054.
12. ↑ "Adaptec Announces the Completion of the Sale of the Data Storage Business". http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1436074. Retrieved April 4, 2023.
13. ↑ "Investor Relations | Microchip Technology". http://investor.microsemi.com/2016-01-15-Microsemi-Corporation-Completes-Acquisition-of-PMC-Sierra-Inc.
14. ↑ "Adaptec Changes Its Name to ADPT Corporation". http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1444704. Retrieved April 4, 2023.
15. ↑ "ADPT Corporation Changes Name to Steel Excel Inc. and Completes Reverse/Forward Stock Split". http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1613073. Retrieved April 4, 2023.
16. ↑ Miller, Stephen (7 November 2002). "News Watch: Digital Recorders; An Afterlife on Disc For That Fading Video". The New York Times. https://www.nytimes.com/2002/11/07/technology/news-watch-digital-recorders-an-afterlife-on-disc-for-that-fading-video.html. "Adaptec is one of several companies selling kits for converting analog tapes to digital video at affordable prices."
17. ↑ "Products". http://www.adaptec.com/en-us/products/.

## External links

* Funding Universe History of Adaptec

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