ExcelStor Technology

ExcelStor (Chinese:易拓) is a small hard disk drive manufacturer established in 2000. It has a manufacturing plant in Shenzhen, China, and an R&D center in Longmont, Colorado, USA. The company is partly owned by Shenzhen Kaifa Technology, of which the major share holder is China Great Wall Computer Group Co.

In 2002 ExcelStor signed a deal with IBM to manufacture and sell the 40GB version of IBM's Deskstar 120GXP series under the ExcelStor brand name. IBM was also to market these drives under its own brand name. [ [http://www-03.ibm.com/press/us/en/pressrelease/883.wss 2002 IBM deal] ] In 2003, after Hitachi took over IBM's storage division, the deal was extended to include 40GB and 80GB drives from Hitachi's Deskstar 7K250 series. [ [http://www.excelstor.com/test_21.htm 2003 Hitachi deal] ]

Since 2004 ExcelStor has manufactured some of Iomega's products, including REV. [ [http://www.iomega.com/about/prreleases/2007/121207_excelstor.html Iomega describes relationship with ExcelStor in third paragraph of press release] ] In 2007 Iomega announced it would acquire ExcelStor in a stock swap valued at approximately $315 million. [ [http://news.digitaltrends.com/news-article/15127/iomega-buys-chinese-drive-maker-excelstor Valuation of Iomega acquisition based on Iomega stock in December 2007] ] The deal fell apart, however, with Iomega paying a termination fee of $7.5 million in 2008 as Iomega was being acquired by EMC Corporation. [ [http://www.iomega.com/about/prreleases/2008/040808_excelstor.html April 2008 termination of Iomega acquisition] ]

References

External links

* [http://www.excelstor.com/ ExcelStor Technology]
* [http://www.kaifa.com.cn/eng/index.asp Kaifa Technology]
* [http://www.greatwall.com.cn/5a/english.asp Great Wall Computer Group]