Steel Excel is now an investment firm.Īdaptec produced interface products involving SCSI, USB, IEEE 1394, iSCSI, Fibre Channel, and video. changed its name to ADPT Corporation, and then again to Steel Excel, Inc. PMC-Sierra was in turn acquired by Microsemi in January 2016. PMC-Sierra renamed the channel storage business "Adaptec by PMC". On June 8, 2010, PMC-Sierra and Adaptec announced the completion of the acquisition.
Following the sale, Adaptec would retain its Aristos ASIC technology business, certain real estate assets, more than 200 patents, and approximately $400 million in cash and marketable securities. The transaction was expected to close in approximately 30 days, subject to customary closing conditions. announced they had entered into a definitive agreement of PMC-Sierra acquiring Adaptec's channel storage business on May 8, 2010, which included Adaptec's RAID storage product line, the Adaptec brand, a global value added reseller customer base, board logistics capabilities, and SSD cache performance solutions.
With advancements in technology, RAID functions were added while interfaces evolved to PCIe and SAS. Their cross-platform ASPI was an early API for accessing and integrating non- disk devices like tape drives, scanners and optical disks. Popular host bus adapters included the 154x/15xx ISA family, the 2940 PCI family, and the 29160/-320 family. At first, Adaptec focused on devices with Parallel SCSI interfaces. Larry Boucher, Wayne Higashi, and Bernard Nieman founded Adaptec in 1981.
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