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October 17, 2006
One-Year Old Gnutek Acquired By SimpleTech
US-based SimpleTech says it has acquired Cranleigh, England-based Gnutek in an all-cash transaction for its Flash memory storage devices. No disclosure on the amount paid.
Founded in June 2005, according to regulatory filings in the UK, Gnutek does not seem to have been venture-funded, which is surpirsing given how cool its Maracite boxes are (they're are targeted at the enterprise data storage market), and how much venture money is flowing in the UK, as well as the comparative ease of access to investors compared to other regions of Europe.
The company's HQ isn't that far from London's Mayfair district but still this venture managed to escape the clutches of VCs and a chance for a quick flip.
Read - >SimpleTech Acquires Gnutek Ltd., a Technology Innovator in Solid State Flash Drives (press rel.)
Posted on October 17, 2006 08:13 AM | Posted to News And Updates | Peripherals | Permalink
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