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Amazon buys Israeli startup E8 Storage: source

Amazon buys Israeli startup E8 Storage: source

Flash storage provider said to merge with AWS development centre in Tel Aviv

Credit: Dreamstime

Amazon has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday.

The team at E8 Storage, which provides flash storage for the enterprise and software-defined cloud, will merge with Amazon Web Services development centre in Tel Aviv, the source added.

Amazon, Amazon Web Services and E8 Storage declined comment.

The source said the valuation of E8 Storage was "significantly lower" than the US$50-$60 million reported earlier by Israel's Globes news website.

(Reporting by Ari Rabinovitch; Editing by Steven Scheer, Kirsten Donovan and Alexander Smith)

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Tags acquisitionAWSE8 Storage

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