Data Storage Vendor Isilon Systems Up For Sale, Report

By Reuters

Oct 2 (Reuters) - Data storage firm Isilon Systems Inc (NASDAQ:ISLN) 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.

Analysts have speculated that Isilon might be a potential target for Dell Inc (NASDAQ:)DELL, which lost a bidding war to Hewlett-Packard Co (NYSE:HPQ) 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.

(Reporting by Mark Weinraub; Editing by Will Dunham)

This article was originally published on 2010-10-04