March 28, 1997 11:00 AM ET
Adaptec buys Skipstone for $7.5M
By Margaret Kane

  Adaptec Inc. will acquire Skipstone Inc., a provider of software, developer tool kits and engineering services based on the FireWire technology.

The deal is worth about $7.5 million, according to Adaptec officials.

FireWire, also known as IEEE 1394, is a 100K-bps serial bus, designed to be a digital interface for consumer video electronics and hard-disk drives.

Adaptec, based in Milpitas, Calif., designs hardware and software products that transfer data from computers to peripheral devices or networks. Adaptec already produces several products designed around the FireWire standard, and officials said the Skipstone acquisition will help the company advance its research along those lines.

"We at Adaptec are determined to stay at the forefront of 1394 FireWire development. Skipstone's technology and expertise will enhance that effort," said Mike Fisher, general manager of Adaptec's peripheral technology solutions unit, in a release.

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