NetApp's $160 million deal for storage software firm

NetApp's $160 million deal for storage software firm

Storage vendor Network Appliance (NetApp) is planning to acquire a Californian firm to add to its portfolio of storage system management software.

NetApp says it has entered into a definitive agreement to acquire privately held Topio for approximately US$160 million in cash.

Topio, already a NetApp Strategic Partner, is a provider of software that helps customers replicate, recover and protect data over any distance regardless of the underlying server or storage infrastructure, NetApp says.

Topio is in Santa Clara, California, not far from NetApp's headquarters in nearby Sunnyvale, and operates a R&D facility in Haifa, Israel.

NetApp says the acquisition of Topio will enable NetApp's customers to replicate their data on any vendor's system – including those of its main rivals EMC, Hewlett-Packard and Hitachi Data Systems – to any NetApp storage system.

NetApp expects to complete the acquisition by December, at which point Topio will become a new business unit within NetApp. Topio's R&D facility in Israel will continue to operate after the deal closes, NetApp says.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags storagenetapp



Show Comments