Posted by: Dave Raffo
Clustered NAS vendor Exanet has received a lifeline of cash intended to keep it alive long enough to get acquired, according to Israeli business newspaper Globes.
Globes reports Exanet’s shareholders put up $450,000 to cover operating expenses for around two months for the Israeli-based vendor. The investors’ move came 10 days after Exanet told its 62 employees it would close down, and the employees asked the Tel Aviv District Court to appoint a temporary liquidator because they said the company owes them $1 million. The court then ordered investors to invest the extra funds.
According to Globes, Exanet will continue with 35 employees and six support staff while investors seek a buyer. One candidate to buy the company is Dell, which Globes said discussed investing in Exanet as part of a development deal over the past year. Dell sells EMC’s Celerra NAS and has its own line of Windows-based NAS but does not have a clustered NAS product.