JERUSALEM (Reuters) - International Business Machines Corp (IBM.N) is in advanced talks to buy Israeli start-up XIV Information Systems for 300 million to 350 million, financial daily Globes reported on Monday.
XIV officials declined to comment.
According to Globes, XIV has developed a system that replaces conventional storage technologies through the use of grid technology and less expensive hardware.
(Reporting by Sergio Tjong-Alvares, Editing by Erica Billingham)
