May 12th, 2016, Hsinchu, Taiwan – ASPEED Technology Inc., the world’s leading Remote Server Management SoC provider, today announced that it will acquire Broadcom’s Emulex Pilot™ Business at a total purchase price of US$30 million, out of which US$11,386,192 will be paid in cash and the remaining will be paid in ASPEED’s common shares. Other terms and conditions are referred to in the relevant agreements.
“Broadcom’s Emulex Pilot™ series Remote Server Management chip is widely acclaimed in the market. It has provided server customers such as Intel, Cisco, Fujitsu, NEC, EMC and Oracle with comprehensive solutions satisfying customer demand for many years and is backed by an experienced management and R&D team with numerous key patents and other IP rights. We believe this deal will strengthen ASPEED’s product portfolio, customer base and further enhance ASPEED competitiveness in the fast-changing and ever-competitive server market,” said Mr. Chris Lin, ASPEED Chairman & CEO. “This acquisition is the beginning of a long-term strategic relationship between Broadcom and ASPEED, which is expected to include technical cooperation to provide a broader range of innovative solutions and new market opportunities for both companies.”
“We are excited to be joining forces with ASPEED, an innovator of cutting-edge Server Management SOC systems solutions,” Broadcom’s Emulex Pilot™ Senior Director Dwarka Partani said. “We look forward to continuing to develop our Emulex Pilot™ product line to provide valuable solutions to our customers and to assist ASPEED in further enhancing its competiveness in the server market.”
Moving forward, through the acquisition of the Emulex Pilot team, ASPEED will continue its research and development activities and innovate in the US, strive to broaden its product portfolio, provide customers with more innovative and complete product solutions and increase corporate value.
About ASPEED Technology Inc.
ASPEED Technology Inc. is a highly innovative fabless IC-design company founded in Nov. 2004, Hsinchu Science Park, Taiwan. With the focus on niche-market, ASPEED is an innovator of cutting-edge SoC system solutions, which include Server Management SoC solution, PC/AV extension solution, and Desktop Virtualization. ASPEED Technology has been honored as one of “Forbes Asia's 200 Best Under a Billion” companies in 2014 and 2015, and received many awards, such as Computex Best Choice Award. For more detailed information, please visit ASPEED website at http://www.aspeedtech.com/
ASPEED Technology Inc.