Dell close to buying Exanet

It is estimated that the storage systems company will be valued at a few million dollars.

The sale of storage systems company Exanet is a step closer. Representatives of computing giant Dell are reportedly in Israel to finalize details of the acquisition. It is estimated that the company will be valued at a few million dollars.

The provisional liquidator appointed to the company a few weeks ago, Adv. Erez Haver of law firm Amit, Pollak, Matalon & Co., said in response that "several entities have expressed interest in buying the activity."

A sale of the company's activity will be a relatively successful outcome after the shareholders Eitan Wertheimer (40%), the Evergreen fund (25%), and Giora Yaron (13%) had come to terms with the business being closed, the company having run out of cash.

Published by Globes [online], Israel business news - - on January 13, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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