Chinese computer giant Lenovo is set to acquire Israeli storage firm Infinidat, making it their first major acquisition in Israel. Lenovo plans to turn Infinidat into its Israel development center, specializing in data management for large organizations. The acquisition is estimated to be worth hundreds of millions of dollars. Infinidat has been profitable for the past four years and has an estimated annual revenue of $200-300 million. The deal is a success for shareholders who invested in Infinidat's last fundraising round, but some employees have sued the company over diluted holdings of options and shares.