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Is Trebia Up for Sale?

Storage networking chip startup Trebia Networks Inc. claims it has proved its SAN silicon is the fastest on the planet -- topping 300,000 I/O operations per second on a Fibre Channel over IP (FCIP) test -- even as sources tell Byte and Switch its investors are looking to sell the company (see Trebia Claims to Hit 309K IOPS).

Virtually the entire original management team of Trebia has departed, including president and CEO Bob Conrad, VP of engineering Willie Anderson, VP of marketing Brendon Howe, and VP of sales Alan Litchfield (see Trebia Ousts CEO).

Now, say several sources familiar with the startup, the VCs are looking to sell the company. The sources did not provide any hint about who might be interested in buying Trebia.

Trebia officials did not respond to requests for comment, nor did representatives from three of its largest investors: Atlas Venture, Kodiak Venture Partners, and Raza Foundries.

Last week, Atiq Raza, CEO of Raza Foundries, told Byte and Switch that Ruediger "Rudi" Stroh, former CEO of wireless chip startup Systemonic (since bought by Philips Semiconductor) was "on board" as CEO. However, neither Stroh nor Trebia has officially confirmed this. Trebia executives say only that Stroh is a member of the startup's board of directors (see Trebia Taps Stroh as CEO).

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