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. Copyright(c) 1997 Ziff-Davis Publishing Company. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Ziff-Davis Publishing Company is prohibited. PC Week and the PC Week logo are trademarks of Ziff-Davis Publishing Company. PC Week Online and the PC Week Online logo are trademarks of Ziff-Davis Publishing Company. Send mail to PC Week