NetApp has announced their definitive agreement of acquiring SolidFire for $870 million in cash. SolidFire was founded in 2010 and is a market leader in all-flash storage system built for the next-generation data centre where simple scaling, set-and-forget management, assured performance and multi-tenancy, and cloud economic models are driving new market growths.
“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. “SolidFire combines the performance and economics of all-flash storage with a webscale architecture that radically simplifies data center operations and enables rapid deployments of new applications. We look forward to extending NetApp’s flash leadership with the SolidFire team, products and partner ecosystem, and to accelerating flash adoption through NetApp’s large partner and customer base.”
With the aquierment of SolidFire, NetApp will now have all-flash offerings that address each of the three largest All-Flash Array market segments. For the traditional enterprise infrastructure buyer, the award winning NetApp All Flash FAS (AFF) product line delivers enterprise-grade features across flash, disk and cloud resources. For the application owner, the NetApp EF Series product line offers world-class SPC-1 benchmarks with consistent low-latency performance and proven 6×9’s reliability.
Over time, SolidFire products will be incorporated into Netapp’s data fabric strategy, delivering seamless data management across flash, disk and cloud resources. Following the close of the transaction, which anticipated to occur in NetApp’s fourth quarter of its fiscal year 2016, subject to customary closing conditions, SolidFire CEO Dave Wright, will lead the SolidFire product line within NetApp’s product operation.