ExcelStor Technology (Chinese:易拓科技) was established in 2000 as a smallhard disk drive manufacturer and has evolved into a contract manufacturer and a system integrator. ExcelStor bought the bankruptConner Technology PLC, its products and factory.[1] It has a manufacturing plant inShenzhen, China, and anR&D center inLongmont, Colorado, United States. The company is partly owned by Shenzhen Kaifa Technology, of which the major share holder isChina Great Wall Computer Group Co.
In 2002, ExcelStor signed a deal withIBM to manufacture and sell the 40 GB version of IBM'sDeskstar 120GXP series under the ExcelStor brand name. IBM was also to market these drives under its own brand name.[2] In 2003, afterHitachi took over IBM's storage division, the deal was extended to include 40 GB and 80 GB drives from Hitachi's Deskstar 7K250 series.[3] In addition to regular drives, the company also produced models with unusual firmware features, such as multi-boot management, and backup and restore features.[4]
Since 2004 ExcelStor has manufactured some ofIomega's products, includingREV.[5] In 2007 Iomega announced it would acquire ExcelStor in astock swap valued at approximately $315 million.[6] The deal fell apart, however, with Iomega paying a termination fee of $7.5 million in 2008 as Iomega was being acquired byEMC Corporation.[7]
In 2007, Excelstor laid off 20 of its 28 employees at its Longmont CO R&D Center.[8]
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