Xyratex is a world-leading storage technology company, focused on creating essential building blocks for data storage networks, and technology for enabling high-performance digital communication networks and storage devices. It has over 600 employees and an established global base with R&D and operational facilities in Europe, the United States and South-East Asia.

The company completed an IPO on NASDAQ in June 2004, valuing it at more than $145 million. This transaction saw a 2.2x investment multiple return and a gross IRR of 32%.