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Amazon to buy Israeli start-E8, Storage, source

FILE PHOTO: The Amazon, the logo, the company’s logistics centre in Boves, France, 8th August, 2018. REUTERS/Pascal Rossignol/File Photo

JERUSALEM (Reuters) – Amazon (AMZN.D) has bought an Israeli storage technology startup, E8, Storage facilities, a source familiar with the deal said on Wednesday.

The team at E8 Storage, which provides flash storage for the enterprise, software-defined, cloud-based service, along with Amazon Web Services-development center in Tel Aviv, the source added.

Amazon, Amazon Web Services, and E8, Storage, declined to comment.

The source said that the appreciation of the E8-Storage facility is “significantly less” than the $50-$60 million previously, due to Israel’s Globes news site.

Reporting by Ari Rabinovitch; Editing by Steven Scheer, Kirsten Donovan and Alexander Smith

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