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Amazon buys Israeli startup E8 Storage: source

JERUSALEM (Reuters) – Amazon (AMZN.O) has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday.

The team at E8 Storage, which provides flash storage for the enterprise and software-defined cloud, will merge with Amazon Web Services development center in Tel Aviv, the source added.

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Amazon, Amazon Web Services and E8 Storage declined comment.

The source said the valuation of E8 Storage was “significantly lower” than the $50-$60 million reported earlier by Israel’s Globes news website.

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