Dot Hill Buys Cloverleaf Communications
Dot Hill Systems (NASDAQ: HILL), which provides data storage equipment, says today it is buying Woodbury, NY-based Cloverleaf Communications, a privately held software developer. Dot Hill says the deal, which calls for issuing about $9.5 million in Dot Hill shares and $2.5 million in cash, will significantly broaden its capabilities in virtual data storage, data management services software and unified storage markets. The transaction is expected to close by mid-January.
Trending on Xconomy
By posting a comment, you agree to our terms and conditions.