Storage vendor LSI Logic Corp. will acquire Mylex from IBM Corp. in a cash transaction.
Mylex is a business unit of IBM that makes RAID controllers, storage subsystems and storage components. Acquiring Mylex, will give LSI Logic products for the entry-level storage market, including PCI-RAID.
LSI makes storage chips, digital signal processors and storage controllers and systems. They also signed a deal in June with IBM of this year to manufacture an Ultra SCSI 320 RAID controller for IBM's Intel-based xSeries x235.
IBM lately is lightening its load in the storage business - it sold its disk drive business to Hitachi Data Systems Corp. earlier this month.
Terms of the agreement were not disclosed.