ksamerk
10-02-2010, 04:39 AM
Dell Confirms Exanet Bid
Offfers $12M for a company whose four investors kicked in $70 million over the last 10 years
By Maureen O'Gara
February 9, 2010 04:15 AM EST
http://res.sys-con.com/story/feb10/1277482/Flag%20of%20Israel_0.jpg
Dell confirmed that it’s trying to buy the gone-bust Israeli clustered NAS start-up Exanet after Israel’s Globes news site said Monday that the deal was in the bag.
There is also speculation that Dell might start selling EMC’s recently acquired Data Domain deduplication widgetry, the stuff it snatched away from NetApp last year. Dell has sold EMC’s Clariion arrays for years.
In an e-mailed statement the company said, “Dell has submitted an offer to purchase Exanet assets, primarily patents and other IP, with court approval through a Chapter 7 liquidation in Israel. The transaction has not yet been approved by the Israel court, so we won’t speculate on its completion or timing.”
Dell is reportedly trying to get the joint on the cheap, supposedly offering only $12 million for a company whose four investors kicked in $70 million over the last 10 years.
The acquisition is supposed to give Dell its first R&D center in Israel.
Offfers $12M for a company whose four investors kicked in $70 million over the last 10 years
By Maureen O'Gara
February 9, 2010 04:15 AM EST
http://res.sys-con.com/story/feb10/1277482/Flag%20of%20Israel_0.jpg
Dell confirmed that it’s trying to buy the gone-bust Israeli clustered NAS start-up Exanet after Israel’s Globes news site said Monday that the deal was in the bag.
There is also speculation that Dell might start selling EMC’s recently acquired Data Domain deduplication widgetry, the stuff it snatched away from NetApp last year. Dell has sold EMC’s Clariion arrays for years.
In an e-mailed statement the company said, “Dell has submitted an offer to purchase Exanet assets, primarily patents and other IP, with court approval through a Chapter 7 liquidation in Israel. The transaction has not yet been approved by the Israel court, so we won’t speculate on its completion or timing.”
Dell is reportedly trying to get the joint on the cheap, supposedly offering only $12 million for a company whose four investors kicked in $70 million over the last 10 years.
The acquisition is supposed to give Dell its first R&D center in Israel.