Amazon has purchased some assets and E8 Storage staff, a tiny start-up that created hardware for data center data storage. The terms of the contract were not disclosed.
On Wednesday, an individual familiar with the issue revealed the agreement to CNBC and said all staff was receiving work offers from Amazon Web Services, the cloud division of Amazon. Earlier the agreement was revealed by the Israeli media outlet Globes.
Amazon has been the market leader for public cloud facilities for a long time, staying ahead of Microsoft, Google and others. AWS has become a key profit supplier for Amazon as a whole. AWS ‘ strategy included designing custom infrastructure to meet its own needs, and acquisitions contributed to this effort.
AWS has now selected a firm specializing in hardware that utilizes quick performance flash storage. The E8 website says that the hardware products are “up to 10 times more official and consistent with powerful results and low latency for other all-flash arrays.”
Amazon purchased Annapurna in 2015 from Israel’s data center hardware company. The Annapurna group has continued to operate and has since pumped out hardware such as chips available on AWS for ARM-based computing instances.
In 2014, 8 was founded. It said it raised $12 million in 2016, with investments from Accel, Magma Venture Partners, and Vertex Ventures. AWS controlled 47.8% of the public cloud market in 2018, while Microsoft had 15.5% and Alibaba held 7.7%, Gartner said earlier this week.
E8 Storage is a pioneer in NVMe shared storage for high-performance, data-intensive apps driving company income. The inexpensive, reliable and scalable solution from E8 Storage is ideally suited for the most challenging low latency workloads, including real-time analytics, economic and trading apps, genomics, and large-scale file systems. The high-performance NVMe-oF accredited storage, driven by the company’s patented architecture, provides record-breaking performance at half the price of current storage goods.
The agreement has not yet been officially confirmed and no further details have been published, although the Israeli media Globes estimated that the sale could have been closed for about $ 60 million.
E8 Storage develops alternatives for software-based information storage, specially designed for businesses. Their solutions have a lower cost and are up to 10 times faster than traditional storage that is performed on hardware such as hard drives and memory cards.
According to reports, the 25 employees of E8 Storage will become part of the Amazon Web Services development center in Tel Aviv.
In January of this year, Amazon bought another Israeli company, CloudEndure, for about $ 200 million.