Micron Announces Agreement to Acquire Virtensys; Terms Not Disclosed

Micron Technology, Inc. (Nasdaq: MU), and Virtensys Ltd. today announced that the companies have signed an agreement for Micron to acquire the assets of privately held Virtensys, a provider of PCIe-sharing solutions based in Manchester, England and Beaverton, Ore.

The transaction would further strengthen Micron's enterprise storage portfolio by combining Virtensys' award-winning PCIe virtualization technology with Micron's solid state drives, enabling data centers to share local storage across multiple servers.

The transaction is subject to closing conditions and is currently anticipated to close by the end of the month. Specific terms of the proposed agreement are confidential.