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DataDirect Networks In Play?

socalTECH

Chatsworth-based DataDirect Networks , a developer of data storage arrays for the high performance computing (HPC) market, appears to be in the midst of a possible acquisition deal, according to documents uncovered by PEhub. READ MORE>>.

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MRV Communications Sells Avionics Systems Unit

socalTECH

Chatsworth-based MRV Communications , which manufactures optical networking components, reported Wednesday afternoon that it has executed a definitive agreement with a group of European private equity firms, led by Vinci Capital SA, to sell its Creative Electronic Systems SA.