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Market: NASDAQ
Sector: Computer Hardware
Epic: EXAR
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Web Site: Exar Corporation
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Exar Corporation

Exar Corporation

Exar Corporation delivers highly differentiated silicon, software and subsystem solutions for data communication, storage, consumer and industrial applications

Tuesday, February 09, 2010

Exar Corp snaps up ethernet cable specialist Neterion for $10 million

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Communication, storage, security and power solutions specialist Exar Corporation (NASDAQ: EXAR) has entered into agreement to acquire privately held company, Neterion, for between US$10 and $11 million net of cash. No additional financial details were disclosed.　

Neterion provides high speed solutions for server and storage systems, and according to Exar, is the "leader in I/O Virtualization for 10 Gigabit Ethernet adapters".

"The combined capabilities that Exar and Neterion will offer address not only the requirements of today's data centers but enable critical features for the evolving needs of next generation data centers," said Pete Rodriquez, Exar's president and chief executive officer. "Neterion is a recognized leader in 10 Gigabit Ethernet network adapter solutions optimized for virtualized data centers with an array of top-tier enterprise server and storage customers. Their product portfolio represents an ideal complement to Exar's market-leading solutions for hardware accelerated data encryption, compression and deduplication."

Exar Corporation, which has over four decades of experience in supply solutions to data centers, intends to build on Neterion’s achievements to date by expanding the distribution of the 10 Gigabit Ethernet adapters to IT organizations seeking to improve their capabilities.

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