FilesX, a data recovery startup which makes restoration software that complements other storage systems like tape drives has been acquired by IBM for a reported $85 million dollars according to our source but we believe the figure could be anywhere between $70 and $90 million. 

FilesX which originally started in Israel in 2000 is now based in Newton, Mass and has had $20 million in venture capital from Benchmark Capital, Genesis Partners and Index Ventures.

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