Xyratex To Acquire ARIO Assets

Xyratex Ltd. (Nasdaq: XRTX) has agreed to acquire the key assets of ARIO Data Networks Inc., a San Jose, Calif.-based provider of bladed storage solutions and RAID controllers. No financial terms were disclosed for the deal, which is expected to close by year-end. ARIO had raised over $35 million in total VC funding, including a recap round earlier this year. Backers include Anthem Venture Partners, Clearstone Venture Partners, Evercore Partners, Mellon Ventures, Partech International, Sunsino Ventures Group and Triton Management. www.xyratex.com www.ariodata.com