IBM to expand Israeli XIV production facilities

After selling $50 million of XIV systems in the fourth quarter, IBM VP Robert Cancilla said IBM will expand production.

IBM Corporation (NYSE: IBM) reports that it sold $50 million worth of storage products of XIV in the fourth quarter of 2008, the first quarter in which the products were included in IBM's product line. Sales amounted to less than $10 million in the preceding quarters

XIV had a few million dollars in sales when IBM acquired it in January 2008. "Globes" named XIV founder Moshe Yanai as the most influential high-tech entrepreneur for 2008.

IBM Israel said that increased sales of XIV storage systems meant increased production in Israel. IBM VP Robert Cancilla, who is currently visiting Israel, said, "Our production facilities in Israel will be expanded, together with the growth of XIV systems."

When IBM unveiled its XIV products strategy a few months ago, storage markets sources criticized the company over the price paid for the technology. Cancilla said today, "A large number of enterprise customers are installing XIV's storage unit as initial tests intended to prove the effectiveness of the platform developed in Israel."

Published by Globes [online], Israel business news - www.globes-online.com - on January 27, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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