Enterprise IT vendor NetApp has acquired SteelStore product line from Riverbed Technology for approximately $80 million.
The all-cash transaction enables NetApp to provide enterprises with cloud-integrated storage to back up their data to both private and public cloud.
“The SteelStore product will expand our portfolio and support our customers’ hybrid cloud initiatives by integrating cloud storage as an option for backup and archiving their business data,” said Jonathan Kissane, senior vice president, chief strategy officer, and GM of Cloud Business, NetApp.
Enterprise CIOs will have a heterogeneous backup solution to leverage the flexibility and economics of the cloud for their backup and recovery needs.
The SteelStore product supports both NetApp and third-party storage infrastructures as well as third-party backup software and cloud providers.
Enterprise customers will be able to augment their current infrastructures to reduce the complexity of disk-to-cloud and tape-based technology and reduce storage costs by up to 80 percent with in-line deduplication and compression capabilities.
NetApp will be able to offer end-to-end security for both data at rest and data in flight as it moves between cloud environments. Customers will be free from vendor lock-in and the management costs of their current backup environments.