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Dot Hill Systems Corp.
Dot Hill in Negotiations With Ciprico Inc. to Acquire Certain Intellectual Property Assets
September 14th, 2008
Dot Hill Systems Corp. (the "Company") announced that it is in negotiations with Ciprico Inc. to purchase Ciprico's RAIDCore(TM) and NAS (Networked Attached Storage) intellectual property assets. Ciprico previously announced that, on July 28, 2008, it filed a voluntary petition pursuant to Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Minnesota (the "Bankruptcy Court"). Under the proposed asset purchase ("Asset Purchase"), the Company would acquire all of Ciprico's rights to the RAIDCore(TM) technology. In addition, the Company would acquire a joint ownership interest with Ciprico in...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-14)
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