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 the network storage maker’s assets for an undisclosed price.
…It was just three months ago that the San Jose start-up closed the final tranche of its $8 million Series A-1 recapitalization round, co-led by existing investors Clearstone Venture Partners and Partech International, with participation from Mellon Ventures, Evercore Partners, Anthem Venture Partners and Sunsino Ventures Group.
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