June 29, 2011 – Oracle announced a proposed buyout of Pillar Data Systems, a storage area network hardware and software provider that was already primarily owned by Oracle CEO Larry Ellison.

Oracle stated that the acquisition is meant to bolster the speed and efficiency with its storage products. Pillar Data Systems’ portfolio runs SAN Block I/O storage systems for managing SAN or network attached storage (NAS) together or on their own from one platform.

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