Data-Deposit-Box-DataDepositBox-Online-Backup-Cloud-Data-Remote-Backup

Investor consortium to sell Ocarina Networks to Dell

Jul 20, 2010 — (Datamonitor Financial Deals Tracker via COMTEX) – A consortium of investors has agreed to sell Ocarina Networks, Inc., a provider of online storage optimization solutions, to Dell, Inc., a designer and manufacturer of computer systems. Both the companies are based in the US.

Earlier, Ocarina Networks had secured venture funding from Highland Capital Partners, JAFCO Ventures and Kleiner Perkins Caufield & Byers.

Upon completion, Dell plans to maintain and invest in additional engineering and sales capability.

The transaction is expected to be completed by the end of July 2010.

Deal Type: Acquisition

Sub-Category: Majority Acquisition

Deal Status Announced: 2010-07-19

Deal Participants

Target (Company) Ocarina Networks

Acquirer (Company) Dell, Inc.

Vendor (Company) Undisclosed Investors*

Deal Rationale

The acquisition will enable Dell to enhance its solutions portfolio, to provide deduplication capability to its storage systems and to expand the capabilities for its environment.

Like us on Facebook




===========================
Do you like this post? Subscribe to our RSS feed ===========================

Sponsored Links:

Data Deposit Box

Asigra

Bacula Systems


Cloud-based-Online-Backup-Disaster-Recovery-Data-Storage-by-Bacula-Systems-in-Switzerland

Share/Save/Bookmark

Related posts:

  1. Atempo and Dell Extend Partnership to Offer Advanced Digital Archiving Capabilities for Storage Optimization and Long-Term Data Preservation
  2. IBM Closes Acquisition of Storwize, Real Time Data Storage Optimization Firm
  3. NTT DATA to Acquire Dell Services, Accelerating the Company’s Position as a Leading Global IT Services Partner
  4. Dell Delivers New Storage Backup, Application and Networking Solutions for SMBs to Large Enterprise Customers; Advances Fluid Data Architecture
  5. Dell Simplifies Advanced Threat Prevention for Small Businesses with Dell Data Protection | Threat Defense
  6. Storwize, Online Storage Optimization And Data Compression Company, Joins The VMware Technology Alliance Partner Program
  7. Bluehawk Networks, Online Remote Data Backup and DR Provider, Launches New Website
  8. Abtech Technologies Launches Cloud Backup and Disaster Recovery Service for Dell NetVault and Dell DR6000, DR4100 and DR2000v Appliances
  9. HP to Acquire Aruba Networks to Create an Industry Leader in Enterprise Mobility
  10. D-Link Announces Integrated Cloud Online Data Backup for Its Sharecenter(TM) Storage Solution Powered By CTERA Networks