Computer Access Technology Corporation Friday said it has signed an agreement to purchase Verisys, which makes SCSI Bus Analyzers for the Storage Area Network (SAN) marketplace.
Santa Clara, Calif.-based CATC said the acquisition will enhance its position in the SAN marketplace, complementing an existing portfolio of analyzers including the IBTracer 1X and IBTracer 4X, both InfiniBand Protocol Analyzers, and the SATracer, a Serial ATA Protocol Analyzer.
Founded in 1992, Verisys, Inc. is based in Aptos, California and has 8 employees. The company’s products are noted for their unique combination of portability and performance in the resolution of advanced SCSI issues.
Under the terms of the deal, CATC will pay the Verisys shareholders $1 million in cash and up to 360,000 shares of CATC common stock. The transaction is expected to close prior to June 1, 2002.
Former Be Inc. front man and now CATC CEO Jean-Louis Gassee said the deal is just what the company needed.
“According to industry analysts, the SAN market will continue to demonstrate substantial growth,” said Gassee. “The talent and resources that Verisys brings to CATC will enhance our position as a provider of analytical tools for this important market.”
Gassee also said the addition of Verisys brings key SAN measurement tools to the CATC portfolio including the innovative, market-leading SCSI analyzer for Ultra320, the SV8320. The notebook-based analyzer delivers 2 nano-second signal resolution, an 8 million event capture buffer, and phased support for packetized protocol, training pattern and QAS.
“We are thrilled to become part of a great team such as the one at CATC,” said Gene Stevens, President of Verisys. “Our existing product lines are very complementary; and our combined resources and talent will enable CATC to expand its penetration of the SAN market as the leading provider of protocol analyzers.”
CATC, a communication protocol company, provides advanced verification systems and connectivity products for existing and emerging digital communications standards such as USB, IEEE 1394, Bluetooth wireless technology, InfiniBand, Serial ATA and Ethernet. The company’s products are used by semiconductor, device, system and software companies at each phase of their products’ lifecycles from development through production and market deployment.
