Acquisition of Exanet Confirmed by Dell

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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.

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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.”

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