Tuesday, August 29, 2006

Rackable Systems says to buy Terrascale Tech for $38 mln | Reuters.com

"Rackable Systems Inc. on Tuesday said it agreed to buy Terrascale Technologies Inc., a privately held provider of storage technology, for $38 million in cash.
Rackable also has the option to retain the rights to a technology known as Distributed Parity Engine by paying an additional $9 million to Terrascale, the company said in a statement."

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