Xyratex acquires Ario Data assets at loss?
Xyratex, a U.K.-based maker of data storage systems, said it will acquire some assets and employees from San Jose’s Ario Data Networks for an undisclosed sum.
Ario’s storage product focuses on RAID, Blade and Bridge technologies.
VentureWire (sub required) suggests the sale was made at a loss, but we haven’t confirmed this:
After pumping $44 million into Ario Data Networks Inc. and seeing it through a recapitalization, the company’s VC investors decided to bow out by selling off… Continue Reading