Several sources said that Trebia's VCs -- who ousted most of the original senior management team earlier this year -- had been shopping the company around for at least the past few months (see Trebia Taps Stroh as CEO, Is Trebia Up for Sale?, and Trebia Ousts CEO).
What remains a mystery is what Emulex intends to do with the Trebia technology. (Emulex did not respond to requests for more information by press time.)
Before it folded up shop, Trebia claimed that its silicon was able to provide the fastest iSCSI performance in the industry, with 245,000 I/O operations per second (IOPS) across two ports and 452-Mbyte/s throughput (see Trebia Trumpets iSCSI Test).
Of course, it's likely that Emulex will get a better return on its investment in Trebia's remains than it got from another IP storage networking startup it acquired. In December 2000, Emulex acquired Giganet Inc. in a deal worth about $645 million in stock -- and for all practical purposes, Emulex has never generated any revenue from the deal (see Storage Deals Hit by Deflation). According to an ex-Giganet employee, Emulex last year put the IP product line "on the shelf," as it waited for the iSCSI market to materialize.
Separately this week, Emulex completed its acquisition of Fibre Channel switch vendor Vixel Corp. (Nasdaq: VIXL), for which it paid about $310 million in cash (see Emulex Completes Vixel Acquisition and Emulex Drops Cash for Vixel).
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