Amazon Acquires Israeli Startup E8 Storage for $60 Million
Amazon, the global e-commerce giant, is set to acquire the Israeli flash storage startup E8 Storage for an estimated $50-$60 million, as reported by “Globes.”
Amazon, the global e-commerce giant, is set to acquire the Israeli flash storage startup E8 Storage for an estimated $50-$60 million, as reported by “Globes.” E8 Storage, which lists 30 employees on LinkedIn, will integrate its team and technology with Amazon Web Services (AWS) at its development center in Tel Aviv.
Innovative Storage Solutions for Enterprises
E8 Storage specializes in providing centralized, rack-scale flash storage solutions for enterprises. Their offerings include software-defined cloud storage with high performance and low latency, designed to meet the demanding needs of modern businesses. The solutions are not only high-performing but also scalable and upgradable, allowing enterprises to build a private internal infrastructure. This infrastructure facilitates the transition from local servers to high-speed storage solutions, meeting a wide range of storage requirements for data centers.
Expanding Amazon’s Footprint in Israel
This acquisition marks Amazon’s second purchase in Israel this year, following its acquisition of the cloud computing firm CloudEndure in January. Other notable acquisitions by Amazon in 2019 include Canvas Technology, Eero, TSO Logic, Sizmek, and Bebo. These acquisitions highlight Amazon’s strategy of expanding beyond its traditional online marketplace.
Diversifying into Multiple Sectors
Amazon has long relied on strategic acquisitions to fuel its growth across various sectors. The tech titan has been keenly observing and investing in emerging trends, expanding its footprint into cloud computing services, electronics manufacturing, grocery chains, digital advertising, and even healthcare. This diversification strategy has led the Seattle-based company to invest billions of dollars, closing numerous deals to secure its place as a leader in multiple industries. In 2014 alone, Amazon spent $1.65 billion on acquisitions, underscoring its commitment to growth and innovation.
By acquiring E8 Storage, Amazon continues to strengthen its position in the cloud computing and storage market, further solidifying its role as a versatile and forward-thinking company.