Wednesday, April 20, 2011

Solarflare In Talks With Marvell, Say Sources

Irvine-based Solarflare Communications, which develops 10 Gigabit Ethernet adapters and semiconductors, is in the process of being acquired or selling parts of its business to Marvell Technology Group, according to sources close to the firm. Solarflare declined to comment on the rumor, saying that it was the company's policy not to comment on rumors or speculations. Marvell did not respond to inquires via email. Solarflare, which is headed by Russell Stern, is venture backed by Acacia Venture Partners, Accel Partners, Amadeus Capital Partners, Anthem Ventures, Foundation Capital, IDG Ventures, Intel Capital, Miramar Venture Partners, Oak Investment Partners, Sequoia Capital and Windward Ventures.

---