QLogic Acquiring Troika Networks

Oct. 20, 2005
Troika's acceleration technology to be integrated into QLogic visualization platforms

ALISO VIEJO, Calif., Oct. 18, 2005 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, today announced it is acquiring Troika Networks for $36.5 million in cash. Troika acceleration technology will be integrated into entry-level and mid-range QLogic virtualization platforms that host leading OEM and ISV software solutions.

"OEMs are seeing a need for virtualization solutions tailored to their customer's small and medium enterprises," said H.K Desai, CEO and president of QLogic Corporation. "To enable OEMs to respond to this need, QLogic will provide virtualization platforms for OEMs to build high-performance, low-cost solutions with the software of their choice."

"We are excited about joining QLogic, the industry leader in storage networking solutions for OEMs," said Bill Terrell, CEO and a founder of Troika. "There is a tremendous fit with the QLogic team as well as with their product focus."

Anthem Venture Partners is the lead investor in Troika and advised Troika on the transaction.