The company was founded as Corsair Microsystems in 1994 by Andy Paul, Don Lieberman, and John Beekley. Corsair originally developed Level 2 cache modules, called Cache on a stick or COAST modules, for OEMs. After Intel incorporated the L2 cache in the processor with the release of its Pentium Pro processor family, Corsair changed its focus to DRAM modules, primarily in the server market. In 2002, Corsair began shipping DRAM modules that were designed to appeal to computer enthusiasts, who were using them for overclocking. Since then, Corsair has continued to produce memory modules for PCs, and has added other PC components as well. Corsair expanded its DRAM memory module production into the high end market for overclocking. This expansion allows for high power platforms and the ability to get more performance out of the CPU and RAM. The Corsair Vengeance Pro series and Corsair Dominator Platinum series are built for overclocking applications. Corsair has since expanded their product line to include many types of high-end gaming peripherals, high performance air and water cooling solutions, and other enthusiast-grade components. On July 26, 2017, EagleTree Capital entered into an agreement to acquire a majority stake in Corsair from Francisco Partners and several other minority shareholders in a deal valued at $525 Million. Corsair Founder and CEO Andy Paul retains his equity stake and remains in his role as CEO. On June 27, 2018, Corsair announced that it will be acquiring Elgato Gaming from the Munich based company Elgato, excluding their Eve division which will be spun off as Eve Systems.