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 platters coated with magn ...

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 (; ; ; ), also historically known as Sham Chun, is a major Sub-provincial division, sub-provincial city and one of the Special economic zones of China, special economic zones of China. The city is located on the east bank of the Pea ...

, China, and an R&D center in Longmont, Colorado, 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 to manufacture and sell the 40 GB version of IBM's

Deskstar The 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 when in 2003 it bought IBM's hard disk drive division and renamed it Hitachi Global ...

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 corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Ni ...

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 (later LenovoEMC) 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, including the Zip drive floppy ...

's products, including REV. 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 Dell EMC (EMC Corporation until 2016) is an American multinational corporation headquartered in Hopkinton, Massachusetts and Round Rock, Texas, United States. Dell EMC sells data storage, information security, virtualization, analytics, cloud c ...

. 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
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