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Our Bureau

Bangalore , April 20

Emulex, a storage networking firm, is set to acquire Bangalore-based Aarohi for $39 million. Aarohi is a supplier of intelligent data centre networking components and software.

The deal would be in cash, contingent consideration, assumed debt, and assumed Aarohi stock options, plus employee equity incentive compensation. It will be completed in May, subject to certain closing conditions.

Aarohi has 72 employees, primarily engineers based in both US and Bangalore.

Emulex will expand the Bangalore facility to become one of its major research and development facilities over the next 2-3 years."The acquisition of Aarohi will expand Emulex's reach in the datacenter networking arena," said Mr Paul F. Folino, Chairman and CEO of Emulex.

"It will also provide Emulex with an industry-leading suite of building blocks for intelligent storage platforms that enable storage virtualisation applications ."

More Stories on : Mergers & Acquisitions | Software | Storage

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