Friday, May 1, 2009

NetXen Acquired by QLogic

Cupertino-based NetXen, a maker of network interface cards, has been acquired by storage networking gear maker QLogic. According to QLogic, it paid $21M in cash for NetXen, whose adapters support the Fibre Channel over Ethernet standard. NetXen has received funding from Accel Partners, Benchmark Capital, DAG Ventures, and Integral Capital Partners.