Feeds

Cloudfather withdraws after Isilon blows it

High price repels EMC

Maximizing your infrastructure through virtualization

The Wall Street Journal reports that EMC has lost interest in buying scale-out filer supplier Isilon.

Isilon makes clustered filters that are used in movie post-production work and other applications with a great number of files needing multiple accesses. This is a growing application area unsuited to EMC's Celerra filer.

It has been reported that Isilon had turned to Frank Quattrone's Qatalyst Partners to assess potential buyer interest following Qatalyst's role in selling 3PAR to HP after a bidding war with Dell.

The Journal reports that Isilon wanted a high price, based on recent share price rises, whereas EMC wanted a lower price. El Reg has been told by people quite close to the matter that Isilon over-played its hand and blew it because it, or Qatalyst, wanted a bidding war along the lines of the HP and Dell battle over 3PAR.

EMC boss Joe Tucci, known to some now as the Cloudfather, found it was a deal he could refuse.

When news of EMC's disengagement broke Isilon shares dipped from $27.87 to $26.07, not a large fall by any means, indicating investors are still hopeful a deal can be struck. ®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
Disaster Recovery upstart joins DR 'as a service' gang
Quorum joins the aaS crowd with DRaaS offering
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.