Advertisment

Oracle CEO invests in storage start-up

author-image
CIOL Bureau
Updated On
New Update

PALO ALTO, California: Oracle Corp. co-founder and Chief Executive Larry Ellison has promised to invest $100 million, via one of his funds, in privately held storage network company Pillar Data Systems, a Pillar spokesman said.



Milpitas, California-based Pillar is building a networking storage platform it says will be less expensive and less complex to manage than the systems many companies now have in place. The company spokesman said the money -- from Ellison's Lawrence Investments LLC -- will be used to develop Pillar's product and bring it to market by early 2004.



According to Pillar's website, its platform includes both network attached file services and open system attachment. The company employs about 175 people. Ellison, who is Pillar's co-chairman, has made billions of dollars from his stake in database software giant Oracle.



He has had a hand in numerous start-ups, including educational toy company, LeapFrog Enterprises and interactive TV software maker Liberate Technologies Inc. He also was a key investor in cancer-drug maker SuperGen Inc.



© Reuters

tech-news