Intel Acquires ICP Vortex

SANTA CLARA, Calif., March. 20, 2001 - Intel today announced it has acquired privately held ICP vortex Computersysteme in a cash-for-stock transaction. The company, based in Neckarsulm, Germany is a leader in intelligent storage solutions. Specific terms of the transaction were not disclosed.

ICP vortex's storage solutions will complement Intel's existing business of providing input/output (I/O) building blocks for the networked storage market segment. These products include Intel I/O processors, Intel integrated RAID reference designs, software and controller cards. These solutions are part of the Intel® Internet Exchange Architecture, an end-to-end family of high-performance, flexible and scalable hardware and software building blocks enabling faster development, more cost-effective deployment and the ability to easily upgrade networking and communications systems.

"Over the past few years, Intel has built a very successful I/O building block business based on the Intel® i960® I/O processor, and more recently the IOP310 I/O processor based on the new Intel® XScale® microarchitecture," said Wendy Vittori, general manager of Intel's I/O and bridges division. "With the addition of ICP vortex, we are enhancing Intel's ability to meet the needs of our computer and storage OEM customers with a broader range of intelligent storage building blocks."

"ICP vortex has been very successful in recent years in creating intelligent storage solutions, particularly for the European market segment," said Monika Armbruster, ICP vortex managing director. "Together with Intel, we can bring products to market more quickly, and expand the portfolio of storage building blocks available to Intel customers."

ICP vortex will continue selling and supporting its storage solutions to existing customers.