Dot Hill Buys Cloverleaf Communications

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Dot Hill Systems (NASDAQ: HILL), which provides data storage equipment, says today it is buying Woodbury, NY-based Cloverleaf Communications, a privately held software developer. Dot Hill says the deal, which calls for issuing about $9.5 million in Dot Hill shares and $2.5 million in cash, will significantly broaden its capabilities in virtual data storage, data management services software and unified storage markets. The transaction is expected to close by mid-January.


Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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