NetApp is made with flash storage startup SolidFire
The purchase would finally materialized by 870 million dollars in cash.
NetApp has announced that it has reached an agreement for the purchase of SolidFire. That startup founded in 2010 is a leader in flash storage systems built in data centers last generation.
Although initially some specialized media had encryption operation in 1200 million, finally this has resulted in $ 870 million to be paid in cash. Its closure is expected for the fourth quarter of fiscal 2016 from NetApp.
“This acquisition will benefit current and future customers looking to get the benefits of scale cloud providers to their own data centers,” it said in a statement CEO of NetApp, George Kurian. “SolidFire combines the performance and economy of all flash storage architecture that radically scaling web simplifies data center operations and enables rapid deployment of new applications,” he added.
“Both SolidFire as NetApp have deep technical cultures, focused on customer-oriented innovations that can offer customers a competitive advantage,” said Dave Wright, CEO of SolidFire.
Gradually startup products will be incorporated into the strategy factory NetApp data management delivering seamless data by flash resources, disk and cloud. Wright, meanwhile, will lead the product line of the emerging company within the operations of the technology giant.
In recent years there have been acquisitions of interesting startups in this field. EMC has acquired XtremIO and DSSD to have more firepower in the field of flash storage. Meanwhile, Cisco acquired in 2013 by the manufacturer of Whitpail flash storage solutions.