ONStor Sells For Just $25 Million
LSI Corp. (NYSE: LSI) has agreed to acquire ONStor Inc., a Campbell, Calif.-based provider of clustered NAS storage solutions for the enterprise. The deal is valued at $25 million in cash, and is expected to close within the next 30 days. ONStor had raised over $130 million in VC funding since 2001, from firms like Foundation Capital, Velocity Interactive Group (f.k.a. ComVentures), Mayfield and Worldview Technology Partners. ONStor had previously raised around $115 million since 2001.
24 July 2009•2 mins read
