May 1, 2009 (FinancialWire) — QLogic Corp. (NASDAQ: QLGC), a supplier of network infrastructure solutions, has acquired NetXen, Inc. for around $21 million in cash.

The final price is subject to certain closing adjustments, according to OLogic.

In a statement, OLogic said that both companies serve the same customers and address similar markets, and that the acquisition “provides QLogic with complementary networking products and intellectual property.”

Aliso Viejo, California-based QLogic offers adapters, switches and ASICs used in high performance networking. The company’s technologies are used for data, storage and server networking solutions.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.