(WEB HOST INDUSTRY REVIEW) — Dell (www.dell.com) announced on Monday it is acquiring the business of bankrupt data storage start-up Exanet (www.exanet.com) for $12 million.
The acquisition was first rumoured last month when the data storage systems developer went into receivership.
The acquisition will provide Dell its first R&D center in Israel, as well as a clustered storage solution — something that many of its competitors already have in place.
Headquartered in Israel, Exanet also has US headquarters in New York, and offices in Europe and Japan.
The company’s ExaStore Clustered NAS systems offer scalable capacity and performance up to petabytes, virtualized storage, and enterprise class features.
Exanet told its employees in early December it was going out of business because of its inability to repay the principle on a $10 million loan from Kreos Capital.
