How Employees Turned a Bankrupt Startup Into Dell’s Israeli R&D Center

Just before Exanet shuttered in 2010, a group of workers managed to take control and sell the company to the U.S. computer maker. Five years on, it is now one of Dell’s leading centers for storage.

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The story behind the establishment of Dell’s research and development center in Israel is a bit out of the ordinary: The center was not founded by buying out an Israeli startup in a glittering exit, nor...