Mergers and Acquistions News
Categories: Hardware
April 8th 2010, 13:31PM
NetApp, a creator of storage and data management solutions, has announced a definitive agreement under which it will acquire Canada-based Bycast in an all-cash transaction.
Bycast provides advanced virtualisation software for large-scale digital archives and storage clouds, which is expected to be a synergistic acquisition for NetApp's plans to expand into petabyte-scale, billion-object content repositories.
Manish Goel, executive vice president of product operations at NetApp, said the deal will extend the firm's unified storage strategy and add new capabilities for global data access and mobility.
"The addition of Bycast's products enables NetApp to offer our enterprise customers and service provider partners a complementary solution that enables them to efficiently build and manage a very large-scale global repository of data central to many IT-as-a-service offerings," he added.
NetApp was recently positioned in Gartner's Leaders quadrant for mid-range and high-end network-attached storage solutions, shortly after the company announced that it had deployed more than 150,000 systems.
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