January 02, 2008
IBM buys Israeli storage startup
Storage vendor XIV's Nextra storage system will give IBM technology to address high-performance storage for digital archives, digital media, and Web 2.0 apps
Recommend ThisIBM has bought XIV, an Israeli manufacturer of SAN (storage area network) equipment. XIV's main product is Nextra, a storage system based on a grid of standard hardware components.
Nextra's self-healing, self-tuning, and dynamic scaling capabilities will give IBM new technology to address the growing requirement for high-performance storage for digital archives, digital media, and Web 2.0 applications, IBM said.
Around 4 petabytes (4 million gigabytes) of Nextra storage are already in service, XIV said.
XIV employees will join IBM's system storage business unit, the companies said. Moshe Yanai, chairman of XIV, previously worked at EMC.
The companies would not put a price on the deal, but reports in the Israeli financial press earlier this week valued it at $300 million to $350 million.
This is the latest in a line of storage-related acquisitions for IBM, which recently bought Softek, FileNet, and NovusCG to beef up its storage offering.
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