ExcelStor Technology () was established in 2000 as a small

hard disk drive A hard disk drive (HDD), hard disk, hard drive, or fixed disk is an electro-mechanical data storage device that stores and retrieves digital data using magnetic storage with one or more rigid rapidly rotating hard disk drive platter, pla ...

manufacturer and has evolved into a contract manufacturer and a system integrator. ExcelStor bought the bankrupt Conner Technology PLC, its products and factory. It has a manufacturing plant in

Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...

, China, and an R&D center in

Longmont, Colorado Longmont is a home rule municipality located in Boulder and Weld counties, Colorado, United States. Its population was 98,885 . Longmont is located northeast of the county seat of Boulder. It is named after Longs Peak, a prominent mountain th ...

, United States. The company is partly owned by Shenzhen Kaifa Technology, of which the major share holder is China Great Wall Computer Group Co. In 2002, ExcelStor signed a deal with

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

to manufacture and sell the 40 GB version of IBM's

Deskstar Deskstar was the name of a product line of computer hard disk drives. It was originally announced by IBM in October 1994. The line was continued by Hitachi, Ltd., Hitachi, when in 2003 it bought IBM's hard disk drive division and renamed it HGST, ...

120GXP series under the ExcelStor brand name. IBM was also to market these drives under its own brand name. In 2003, after

Hitachi () is a Japanese Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in various industries, including digital systems, power and renewable ener ...

took over IBM's storage division, the deal was extended to include 40 GB and 80 GB drives from Hitachi's Deskstar 7K250 series. In addition to regular drives, the company also produced models with unusual firmware features, such as multi-boot management, and backup and restore features. Since 2004 ExcelStor has manufactured some of

Iomega Iomega Corporation (later LenovoEMC) was a company that produced external, portable, and networked data storage products. Established in the 1980s in Roy, Utah, United States, Iomega sold more than 410 million digital storage drives and disks, i ...

's products, including

REV Rev, REV or Rév may refer to: Abbreviations Rev. * Rev., an abbreviation for revolution, as in Revolutions per minute * Rev., an abbreviation for the religious style The Reverend * Rev., the abbreviation for Runtime Revolution, a development en ...

. In 2007 Iomega announced it would acquire ExcelStor in a

stock swap In corporate finance, a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company ...

valued at approximately $315 million. The deal fell apart, however, with Iomega paying a termination fee of $7.5 million in 2008 as Iomega was being acquired by

EMC Corporation EMC Corporation (stylized as EMC²) was an American multinational corporation headquartered in Hopkinton, Massachusetts, which sold data storage device, data storage, information security, virtualization, analytics, cloud computing and other pro ...

. In 2007, Excelstor laid off 20 of its 28 employees at its Longmont CO R&D Center.

References

External links

ExcelStor Technology

Kaifa Technology

Great Wall Computer Group
Defunct computer companies of China Computer storage companies Electronics companies of China Computer companies established in 2000 Electronics companies established in 2000 Chinese companies established in 2000 {{China-company-stub