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Exanet on Verge of Closure
By Jean-Jacques Maleval, Tue, December 8th, 2009
Jump right to our comments
Failing to raise capital from Dell to stay in business
Storage co Exanet on verge of closure
The sources said that the company had one alternative to closing down: a $20 million investment led by Dell and a cooperation agreement with the computer giant.
Our comments :
Founded in 2000 and shipping its first clustered NAS in 2003, Exanet
received $55 million in financial funding, the last known round being
$18 million in 2007 with investors including Evergreen Venture
Partners, Intel Capital, Microdent, Kodak, CSK Fund (Hitachi), chairman Dr.
Giora Yaron and others.
The start-up, headquartered in Israel with offices in the USA, UK,
Germany, France and Japan, recently signed partnership with 3par and
Atempo.
Its CEO since 2007, Mark Weiner formerly served as executive chairman
of StoreAge Networking Technologies overseeing their successful
acquisition by LSI Logic for $50 million in 2006. He previously hold variety of roles at NetApp
over an eleven year period culminating as their EMEA VP.
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COMPLETE STORAGE
START-UP DATABASE
It contains more than 350 current
storage start-ups in the world
(2/3 in USA), with, for each firm:
- Company name,
- Headquarters, web site, CEO
- Year founded,
- Business activity,
- Yearly financial funding
and total received,
- Classification by sector.