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IBM buys Israeli start-up XIV
IBM announced its acquisition of XIV, an Israeli manufacturer of storage area network equipment. XIV's main product is Nextra, a storage system based on a grid of standard hardware components. The companies would not put a price on the deal, but reports in the Israeli financial press valued it at $300 million to $500 million. XIV employees will join IBM's system storage business unit. The XIV purchase is the latest in a line of storage related acquisition for IBM, which recently bought Softek, FileNet, NovusCG.
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This intel was contributed by redson
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May, 2012
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