Isilon seeks bidders for possible sale

NEW YORK, USA: Data storage firm Isilon Systems Inc is seeking bidders for a possible sale of the company, Bloomberg reported on Saturday, citing two people briefed on the matter.

Seattle-based Isilon hired Qatalyst Partners, run by technology banker Frank Quattrone, to look for buyers, according to the report. An Isilon spokesman was not immediately available for comment.

Also Read: Dell still ambitious on M&A despite 3PAR loss

Analysts have speculated that Isilon might be a potential target for Dell Inc, which lost a bidding war to Hewlett-Packard Co for data storage company 3PAR Inc in September.

Shares of Isilon rose 83 cents, or 3.73 percent, to close at $23.11 on Friday. Shares have more than tripled since the beginning of the year.