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IBM pumping in $300 M for a "secret storage" start-up called XIV Ltd!



IBM also revamped their site, you go to a cooler sandbox. Neat!

And honestly I didn't mean to sensationalize the news, EETimes guys did ;-)


IBM Corp. is in talks to acquire startup XIV Ltd. (Tel Aviv, Israel) for between $300 million and $350 million, according to Globes newspaper, which referenced unnamed sources.

XIV was founded in 2002 with $3 million dollars chairman Moshe Yanai, formerly of computer infrastructure company EMC, and private investors, according to Globes. XIV has developed a system of using a computer "grid" network to store information allowing for lower cost scaling of enterprise storage.

"XIV's Nextra grid storage product is a fully scalable high-performance, distributed data storage system," plus company contact details is the only information that is publicly available about XIV.



EEtimes carying the news
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