Israeli data storage start-up Exanet Inc. could become the latest firm in the sector to be acquired. Last week, "Barron's" quoted Pacific Growth Equities analyst Kaushik Roy as saying that Fujitsu Siemens Computers could acquire the company.
An acquisition would be the latest in a string of acquisitions of Israeli data storage firms. Since January, IBM Corp. (NYSE: IBM) has acquired XIV, Diligent Technologies Corporation, and FilesX Ltd..
Exanet raised $18 million a year ago, and according to IVC Online, it has raised $60 million since it was founded. Investors include Evergreen Venture Partners, Intel Capital, Coral Capital Management, Hitachi's investment arm CSK Venture Capital Co. Ltd., NIF Ventures (Nippon Investment & Finance Co.), Japan's ITX Corporation, Kodak External Alliances, and Eitan Wertheimer's Microdent Ltd.
Exanet chairman Giora Yaron told "Globes" in response, "Exanet has relations with many companies, and we need marketing sources that we currently lack. For this reason, we're in talks with various parties."
Published by Globes [online], Israel business news - www.globes-online.com - on May 11, 2008
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