NetApp, Inc. has entered into a definitive agreement to acquire SolidFire, Inc. for $870 million in cash.
Founded in 2010, SolidFire is in all-flash storage systems built for the next-generation data center where simple scaling, set-and-forget management, assured performance and multi-tenancy, and cloud economic models are driving new market growth.
"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, CEO, NetApp. "SolidFire combines the performance and economics of all-flash storage with a webscale architecture that 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 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 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 SPC-1 benchmarks with consistent low-latency performance and proven 6x9's reliability.
- For the next-generation infrastructure buyer, SolidFire's distributed, self-healing, webscale architecture delivers seamless scalability, white box economics, and simple management. This enables customers to accelerate third platform use cases and webscale economics.
SolidFire is active in the cloud community with integrated storage management capabilities with OpenStack, VMware, and other cloud frameworks.
"Both SolidFire and NetApp have deep technical, customer-centric cultures, which are focused on delivering innovations that give customers a competitive advantage," said Dave Wright, CEO, SolidFire. "We look forward to enhancing NetApp's position within the all-flash array market while helping NetApp and SolidFire customers and partners succeed."
Over time, SolidFire products will be incorporated into NetApp's data fabric strategy, delivering seamless data management across flash, disk and cloud resources.