April 17, 2008 7:18 AM
It's (almost) official: IBM purchases Diligent Technologies
Globes is reporting that in the next 24 hours, IBM is expected to officially announce its purchase of Diligient Technologies, an enterprise data storage and deduplication solutions provider, for an estimated $200 million. Here are some quick facts from the Globes article regarding the deal:
About the author: Lisa Damast is the Membership Manager of ebizQ.net and currently resides in Israel. Any questions or inquiries regarding this blog or ebizQ membership services can be directed to her via email at ldamast (at) ebizq (dot) net. She can also be followed on Twitter, where she covers additional Israeli technology companies and Israel-related headlines and topics.
- Diligent Technologies is IBM's third acquisition in Israel so far this year (after XIV in January and FilesX Ltd. last week).
- Diligent Technologies is a spinoff from EMC Israel, which still owns a 20% share in Diligent.
- Diligent was co-founded in 2002 by current CEO, Doron Kempel and data storage legend, Moshe Yanai (currently the XIV chairman and an IBM employee).
About the author: Lisa Damast is the Membership Manager of ebizQ.net and currently resides in Israel. Any questions or inquiries regarding this blog or ebizQ membership services can be directed to her via email at ldamast (at) ebizq (dot) net. She can also be followed on Twitter, where she covers additional Israeli technology companies and Israel-related headlines and topics.
Leave a comment