Report: Fabrik to Acquire SimpleTech

Fabrik Inc., a San Mateo, Calif.-based storage provider, is nearing a deal to acquire the consumer storage device business of SimpleTech (Nasdaq:STEC), according to GigaOm. Fabrik has raised $12.1 million in VC funding from firms like ComVentures and Intel Capital. www.fabrikinc.com www.stec-inc.com