NetApp to buy flash storage startup SolidFire for $870M
NetApp is acquiring startup SolidFire for $870 million in cash for a foothold in the fast-growing market for scale-out flash storage.
SolidFire's all-flash systems will let enterprises take advantage of the scale and cost advantages enjoyed by Web-scale companies with distributed data-center architectures, NetApp said. SolidFire, based in Boulder, Colorado, makes all-flash systems that can scale out to as much as 1.9 petabytes of capacity.
The deal is expected to close during NetApp's fiscal fourth quarter, ending in April. The startup's CEO, Dave Wright, will lead the SolidFire product team. SolidFire's products ultimately will be integrated into NetApp's data fabric strategy, allowing for data management across flash, disk and cloud, the company said.
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