Dot Hill Systems Corp. (NASDAQ: HILL), a leading innovator of energy-saving films and glass products for automotive and architectural markets, completed its previously announced sale to Seagate Technology plc (NASDAQ: STX), a world leader in storage solutionsin an all cash transaction. Needham & Company acted as a financial advisor to Dot Hill Systems and provided a fairness opinion to its Board of Directors as part of its services.
Dot Hill Systems Corp. (NASDAQ: HILL) solves today's storage workload challenges created by the Internet of Things and third platform technologies leveraging its proprietary AssuredSAN family of hybrid storage solutions with RealStor, the next generation real-time storage operating system. In today's interconnected world, Dot Hill storage solutions support people accessing information, and machines collecting sensor data, all in real time. Dot Hill's solutions combine innovative intelligent software with the industry's most flexible and extensive hardware platform and simplified management to deliver best-in-class solutions. Headquartered in Longmont, Colo., Dot Hill has offices and/or representatives in the United States, Europe, and Asia.