Infinidat, the Israeli enterprise storage startup, has been acquired by Lenovo for over $500 million. The acquisition marks a revival for Infinidat, which nearly went out of business in 2020. Infinidat's Israel GM, Shahar Bar-Or, believes that Lenovo's investment will help the company double its sales in the coming years. The deal is expected to bring Lenovo into the premium server market for large companies.
image sourced from original article at https://en.globes.co.il/en/article-infinidat-israel-gm-lenovo-will-double-our-sales-1001500176Original article source: https://en.globes.co.il/en/article-infinidat-israel-gm-lenovo-will-double-our-sales-1001500176
Source Id: 8512537680
