NetApp acquired All-Flash Storage Systems Vendor, SolidFire, for $ 870 million in cash

16:56
NetApp acquired All-Flash Storage Systems Vendor, SolidFire, for $ 870 million in cash -

NetApp (NASDAQ: NTAP) has entered into a definitive agreement to acquire SolidFire to $ 870 million in cash . Founded in 2010, SolidFire is an all-flash storage systems supplier providing integrated systems for data centers "new generation".

With SolidFire, NetApp will now have all-flash deals that meet each of the three main segments of the all-flash array market.

  • For traditional corporate infrastructure buyer, all NetApp FAS flash (AFF) product line provides enterprise-class features through flash disk and cloud
  • for application owner , the NetApp EF Series products offer the SPC-1 benchmarks with consistent performance, low latency and proven reliability 6 × 9.
  • for next generation infrastructure buyer, distributed, self-healing, webscale SolidFire architecture would deliver seamless scalability, white economy of the box, and easy management. This would allow customers to accelerate the third case of use platform and webscale economy.

solidfire-all-flash-storage "This acquisition will benefit current and future customers looking to enjoy the benefits of webscale cloud providers for their own data centers," said George Kurian, CEO (CEO) of NetApp . "SolidFire combines performance and all-flash storage economy with a Web-scale architecture that radically simplifies data center operations and enables rapid deployment of new applications. We look forward to extending the NetApp flash leadership with the SolidFire team, products and partner ecosystem, and to accelerate the adoption of flash by large base of partners and NetApp customers. "

over time, the SolidFire products will be integrated into the fabric of NetApp data strategy, offering management "transparent" to flash across data, disk and cloud resources. After the closing of the transaction, which is expected to occur in the fourth quarter of its 2016 fiscal NetApp, subject to customary closing conditions, SolidFire CEO, Dave Wright, SolidFire lead the range of products in the NetApp product operations.

"Both SolidFire and NetApp have deep technical cultures customer-centric, that are focused on delivering innovations that provide customers a competitive advantage," said Dave Wright, Chief Executive Officer (CEO) to SolidFire . "We look forward to improving the position of NetApp on the all-flash array market while helping NetApp and SolidFire customers and partners succeed."

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