VITA Technologies
  • VME
  • XMC
  • FMC
  • PMC
  • VNX
  • VPX
Menu
  • VME
  • XMC
  • FMC
  • PMC
  • VNX
  • VPX
  • Articles
  • White Papers
  • Products
  • News
Menu
  • Articles
  • White Papers
  • Products
  • News
  Mergers and Acquisitions  SBE, Inc. Announces Sale of Embedded Hardware Business for $2.2M
Mergers and Acquisitions

SBE, Inc. Announces Sale of Embedded Hardware Business for $2.2M

One Stop SystemsOne Stop Systems—January 14, 20070
FacebookTwitterPinterestLinkedInTumblrRedditVKWhatsAppEmail

SAN RAMON, Calif.–January 12, 2007 – SBE, Inc. (Nasdaq:SBEI), a leading provider of high-performance IP storage solutions serving remote back-up and disaster recovery applications, today announced it has signed a definitive asset purchase agreement to sell its embedded hardware business to One Stop Systems, Inc. for approximately $2.2 million in cash. In addition, under the terms of the agreement, One Stop Systems will assume the lease liabilities associated with SBE’s corporate headquarters and equipment related to the embedded hardware business.

“We are pleased with the terms of the asset sale transaction. The infusion of $2.2 million in cash, coupled with the reduction in our long-term liabilities, expands the options available to SBE as we explore all strategic alternatives that may enhance shareholder value,” said Greg Yamamoto, President and Chief Executive Officer of SBE.

More stories

Pigeon Point Systems Re-establishes Independence

January 10, 2011

Avnet, Inc. Announces Agreement to Acquire Bell Microproducts Inc.

March 29, 2010

Mercury Systems to Acquire Embedded Security, RF and Microwave, and Custom Microelectronics Businesses from Microsemi Corporation

March 23, 2016

Eurotech Acquires Japanese Embedded Systems Company Advanet

October 4, 2007

“The acquisition of SBE’s embedded hardware business further accelerates One Stop Systems’ growth in the embedded computer marketplace. We look forward to serving the expanded customer base we now have as a result of this acquisition. We believe the synergies from the combined product lines will better serve our current customers as well as SBE’s existing, embedded hardware clients,” said Steve Cooper, President and Chief Executive Officer of One Stop Systems.

SBE expects to complete the transaction in its second fiscal quarter, subject to satisfaction of closing conditions set forth in the asset purchase agreement. In addition to customary closing conditions, the transaction is subject to the approval of SBE’s shareholders.

About SBE

SBE designs and provides IP-based storage networking solutions for an extensive range of business critical applications, including back-up and disaster recovery. SBE delivers a portfolio of scalable, standards-based hardware and software products designed to enable optimal performance and rapid deployment across a wide range of next-generation storage systems. Based in San Ramon, California, SBE is a publicly traded company (NASDAQ:SBEI) with products sold worldwide through direct sales, OEMs and system integration partners. More information is available at www.sbei.com.

About One Stop Systems

One Stop Systems, Inc., a global provider in industrial-grade computing systems and components, manufactures standard, custom and semi-custom designs for converged communications, industrial control and military applications. These include CompactPCIe, PCIe, PCI/ISA and VME-based architectures. One Stop Systems offers responsive service, the highest quality design and manufacturing and on-time delivery. One Stop Systems is based in Escondido, California. More information is available at www.onestopsystems.com.

FacebookTwitterPinterestLinkedInTumblrRedditVKWhatsAppEmail
CSPI Selects Annapolis Micro Systems CoreFire FPGA Technologies for its FastCluster 3000 SERIES
TEK Microsystems Announces JazzStore UWB – 2 GSPS Data Recording
Related posts
  • Related posts
  • More from author
Articles

Next-gen fiber optics for aviation: Expanded Beam performance with VITA 95/96

June 3, 20250
Articles

Embedded Tech Trends 2025 Wrapup

June 3, 20250
Consortia and Working Groups

VITA standards activity updates

June 3, 20250
Load more
Read also
Articles

Next-gen fiber optics for aviation: Expanded Beam performance with VITA 95/96

June 3, 20250
Articles

Embedded Tech Trends 2025 Wrapup

June 3, 20250
Consortia and Working Groups

VITA standards activity updates

June 3, 20250
Articles

Leveraging AI in standards

June 3, 20250
Eletter Products

SPONSORED: SpaceVPX Solutions From Pixus Technologies

May 28, 20250
Eletter Products

SPONSORED: Mission-Ready Chassis Management Aligned to SOSA®

May 28, 20250
Load more

Recent Comments

No comments to show.
  • Articles
  • White Papers
  • Products
  • News
Menu
  • Articles
  • White Papers
  • Products
  • News
  • VME
  • XMC
  • FMC
  • PMC
  • VNX
  • VPX
Menu
  • VME
  • XMC
  • FMC
  • PMC
  • VNX
  • VPX

© 2023 VITA Technologies. All rights Reserved.