Verari Systems Comes Back as Verari Technologies

By ServerWatch Staff (Send Email)
Posted Jan 20, 2010


Dave Driggers, the original founder of Verari Systems is now leading the new Verari Technologies. The Register reports that the new company has all of the intellectual property relating to BladeRack2 servers and storage and with the help of new backers Driggers has been able to buy all of the company's manufacturing and engineering equipment.


The server maker's assets went up for auction. The winning bidder? None other than the original company founder.

As El Reg has been chronicling, the boutique blade server and storage maker and provider of containerized data centers hit the financial rocks in early December 2009 and after a few weeks of pondering the options, the handful of top brass left at the firm - who had been brought in by outside equity backers in Verari - put the company's assets up for sale in early January.

The bids were collected on January 7, and wouldn't you know it, Dave Driggers, the original founder of Verari Systems who was working as its chief technology officer up until the day he was fired (along with most of the other employees at the company) has emerged with "substantially all of the assets" of the original Verari Systems and is now leading the new Verari Technologies.

Read the Full Story at The Register

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Tags: business

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