Solarflare Announces Sale of 10GBASE-T Assets

IRVINE, Calif. – May 9, 2011 – Solarflare, the leader in high-performance, low-latency 10 Gigabit Ethernet (10GbE) server adapters and software, due to recent key business milestones, product accomplishments and customer opportunities, announced today its exit from the physical layer (PHY) business through the sale of the company’s 10GBASE-T assets to an unnamed merchant semiconductor company, the details of which cannot be disclosed. This deal will enable Solarflare's existing 10GBASE-T customers to continue to use the company's leading 10GBASE-T products.

"Our deal to sell the 10GBASE-T business is good for our current installed base of 10GBASE-T customers who will now benefit from having continued support for the best 10GBASE-T product on the market," said Russell Stern, CEO at Solarflare. "We have now reached critical mass. Solarflare will continue to build on its success in the 10GbE server adapter market by growing share in high frequency trading and HPC segments, and launching solutions targeting the virtualization and big data segments. We're excited by what the rest of 2011 will bring to the company."

About Solarflare

Solarflare is the pioneer in high-performance, low-latency 10GbE server networking solutions. Our architectural approach combines hardware and software to deliver high-performance adapter products and application acceleration middleware for superior performance in a wide range of applications, including financial services, high performance computing (HPC), cloud computing, storage and virtualized data centers. Our products are used globally by many of the world's largest companies, and are available from leading distributors and value-added resellers, as well as from Dell and HP. Solarflare is headquartered in Irvine, California and has an R&D site in Cambridge, UK.

Note: The buyer is rumored to be Marvell Semiconductor