Xyratex acquires Key Assets from Ario Data Networks

Assets broaden opportunities for Xyratex in the RAID and Software market

Xyratex Ltd. announced today that they have reached a tentative agreement with Ario Data Networks to acquire key Ario Data Network assets. Under the terms of the agreement Xyratex will acquire certain intellectual property, capital assets and skilled resources. Included in the acquisition is a seasoned team of professionals that have a significant amount of technical experience and development capabilities.

Ario is a highly regarded technology company that has significant experience and intellectual property in the areas of RAID, Blade and Bridge technologies. "Integration of the specific skills and IP from Ario will strengthen Xyratex's strong lineup of storage technologies and expand our resource expertise," said Todd Gresham, executive vice president, storage and network systems at Xyratex. "We look forward to welcoming those individuals from the Ario team and believe this transaction complements our global strategy to provide market leading technology solutions to our OEM customers."

By Xyratex