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In an effort to significantly broaden its reach into the storage virtualization, data management services software and unified storage markets, Dot Hill Systems Corp. (www.dothill.com), which provides external RAID storage arrays for OEMs, open storage partners and system integrators, has entered into a definitive purchase agreement to acquire advanced heterogeneous storage virtualization and unified storage technologies developer Cloverleaf Communications (www.cllf.com).

According to its Tuesday announcement, Dot Hill will purchase the company for $2.5 million cash plus approximately $9.5 million in shares of unregistered Dot Hill common stock. The acquisition has been approved by the Board of Directors of Dot Hill Systems and the principal shareholders of Cloverleaf Communications, and, subject to customary closing conditions, is expected to close by the middle of January 2010.

Formed in 2001 with the acquisition of its core product technology from Elta Systems, a group and subsidiary of Israel Aerospace Industries, one of Israel's leading defense electronics companies, Cloverleaf has its administrative headquarters are in Woodbury, New York and its research and development facilities are in Israel. 

Its advanced virtualization and unified storage software products have been deployed for several years by a wide range of end users, including financial, legal and entertainment media companies as well as government agencies, which require scalable performance and full featured storage resource management for their storage deployments. 

Cloverleaf's intelligent Storage Network (iSN) software line is designed to work heterogeneously across all vendors' storage arrays and support a common suite of advanced data management services. The iSN products provide significantly improved returns on investment for end users by consolidating data and disaster recovery management under a single pane user interface regardless of storage type or vendor.

"The addition of Cloverleaf's products to the Dot Hill portfolio complements our existing storage array and software offerings while extending our reach into adjacent and emerging markets such as cloud based storage and storage virtualization," Dot Hill president and chief executive officer Dana Kammersgard said in a statement. "This transaction is intended to quickly elevate us beyond the storage array market and establish Dot Hill as a technology leader in the higher margin storage software market."

Over the course of nine years, Cloverleaf has invested more than $43 million in data management products that provide services such as clustered virtualization, synchronous and asynchronous replication, thin provisioning, FCDP and automated storage tiering across a mixed and diverse storage array base. All of its products are software based and run on standard Intel architecture.

"I am excited that Dot Hill and Cloverleaf Communications are merging to create innovative solutions to advance storage technology for a wide range of customers," Cloverleaf Communications chairman Eddy Shalev said in a statement. "By combining Cloverleaf's experienced team and robust products with Dot Hill's strong development, sales, marketing and customer support capabilities, I believe we can rapidly grow the customer base for the iSN products. The investors and management of Cloverleaf have shown our confidence in this combination by accepting Dot Hill common stock as a significant portion of the acquisition consideration. This demonstrates our belief that the combined organization will be worth more than the two organizations independently."

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