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Acquisition of Exanet Confirmed by Dell
By Jean-Jacques Maleval, Tue, February 9th, 2010
Jump right to our comments
For $12 million
Dell buys data storage co Exanet
Dell Inc. is acquiring the business of bankrupt Israeli start-up Exanet Ltd. for $12 million, a month after the company went into receivership. The acquisition of Exanet will give Dell its first R&D center in Israel. Dell lacks Exanet's clustered storage solution, in contrast to its competitors.
Our comments :
The computer manufacturer wrote in an e-mailed statement: “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.”
Read also:
Exanet on Verge of Closure
Failing to raise capital from Dell to stay in business
Dell Close to Finally Buying Exanet
For a few million dollars
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