AMCC to Acquire 3ware for SATA RAID

Applied Micro Circuits Corporation (AMCC) agreed to acquire 3ware, a start-up based in Sunnyvale, California for approximately $150 million in cash. 3ware develops high capacity Serial ATA (SATA) storage solutions for emerging storage applications such as disk-to-disk backup, near-line storage, network-attached storage (NAS), video, and high-performance computing. 3ware currently employs approximately 70 people. http://www.amcc.com