Wednesday, February 27, 2013
Emulex Acquisition of Endance Advances
Costa Mesa-based Emulex reported Tuesday that it now owned 89 percent of Endance Limited, the developer of network performance management and monitoring appliances it said it would acquire in December. According to Emulex, that gives it control of the firm; Emulex said that it is likely that Endance will shortly be de-listed from trading on the London Stock Exchange AIM. Emulex announced its acquisition of Endance in December, in a deal worth approximately $130M. Emulex CEO Jim McCluney said in a statement that the buy will double its total addressable market.