NetApp announced its deal to acquire SolidFire for $870 million, a provider of all-flash storage systems for data centers, in cash.
SolidFire, a privately-held company, employs over 400 people worldwide, with approximately 250 employees based in its Boulder headquarters and an additional 150 employees located in SolidFire’s regional offices. It has regional headquarters in London, Singapore and South Korea.
NetApp has annual revenues of $6.1 billion and 12,000+ employees in 150+ offices. NetApp is the #1 Branded storage operating system, according to IDC, and the #1 storage provider to the U.S. government.
The US-based SolidFire expanded its presence in Asia Pacific in 2015 with new offices in Tokyo, Japan and Sydney, Australia.
“This acquisition will benefit current and future customers looking to gain the benefits of webscale cloud providers for their own data centers,” said George Kurian, chief executive officer of NetApp.
The acquisition of SolidFire enables NetApp to have all-flash offerings that address each of the three largest All-Flash Array market segments.
NetApp will have NetApp All Flash FAS (AFF) for the traditional enterprise infrastructure buyer, the NetApp EF Series products for the application owner and SolidFire’s webscale architecture for the next-generation infrastructure buyer.
SolidFire products will be incorporated into NetApp’s data fabric strategy, delivering seamless data management across flash, disk and cloud resources.
SolidFire CEO, Dave Wright, will lead the SolidFire product line within NetApp’s product operations.