Israeli start-up XtremIO acquired for $430 million


EMC Corp. acquired the Israeli storage systems start-up company XtremIO for more than $430 million.

The sale completed last week is EMC’s sixth and largest acquisition in Israel. Senior executives from EMC had been in Israel in recent months holding acquisition talks with XtremIO, the Israeli daily Globes reported.

Xtremlo, which has offices in Herzliya and San Jose, Calif., was founded in 2009 by a group of Israeli high-tech veterans. It has raised $25 million in two venture capital financing rounds.

“This is an inspiring event, as it shows once again that Israel has the skill set and drive to create exceptional cutting-edge companies,” Erel Margalit, founder and chairman of Jerusalem Venture Partners, which owns up to 30 percent of XtremIO, told JTA in an e-mail.

EMC also operates an Israel R&D center with 700 to 800 employees, according to Globes.

Rothman calls on Friedman to apologize for ‘bought’ jab


U.S. Rep. Steve Rothman called on New York Times columnist Thomas Friedman to apologize for saying congressional cheers for Benjamin Netanyahu were “bought and paid for.”

In a column Wednesday arguing that Netanyahu’s polices were out of sync with American Jews, Friedman wrote, “I sure hope that Israel’s prime minister, Benjamin Netanyahu, understands that the standing ovation he got in Congress this year was not for his politics. That ovation was bought and paid for by the Israel lobby.”

Rothman (D-N.J.) in a statement said that characterization reinforced a “dangerous narrative” about supporters of a strong U.S.-Israel relationship.

“I gave Prime Minister Netanyahu a standing ovation not because of any nefarious lobby, but because it is in America’s vital national security interests to support the Jewish State of Israel and it is right for Congress to give a warm welcome to the leader of such a dear and essential ally,” he said. “Mr. Friedman owes us all an apology.”