PMC-Sierra buys Adaptec's channel storage business

Adaptec sold its channel storage business to PMC-Sierra for $34 million.

The business includes Adaptec’s RAID storage product line, its global VAR customer base, its board logistics capabilities and its SSD (solid state drive) cache business.

PMC-Sierra said it is the premier supplier of  X86 RAID products worldwide through the channel, while Adaptec is the second largest supplier worldwide.

Ninety people from Adaptec will start working for PMC-Sierra, in seven different locations.