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Storage M&A Mill Grinds Into 2008

By Mary Jander, December 31, 2007 10:45 AM

While much of the world takes a holiday -- or at least serves light duty -- the wheels of commerce roll on for a few intrepid souls in the storage industry who seem bent on end-of-year mergers and acquisitions.

Within the last week, Double-Take acquired CDP player TimeSpring for $8.3 million; EMC announced intent to buy Xerox spinout Document Sciences for $85 million; and Dell revealed the acquisition of IT consultancy Networked Storage.

Yesterday, Israeli news outlet Globes Online reported that IBM is "in advanced talks" to buy grid storage startup XIV for $300 million to $350 milion.

Founded with $3 million by an ex-EMC exec Moshe Yanai in 2002, XIV was profiled by CMP sister publication Network Computing in a column last February. A would-be competitor to EMC, 3PAR, and other high-end array players, XIV reportedly has impressed customers with its technique for providing tier 1 storage on the cheap. With 35 employees, a minimalist Website, and an unknown number of customers, this startup could come from nowhere to threaten Yanai's former employer.

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