NetApp agreed to acquire SolidFire for $870 million in cash.
SolidFire specializes in all-flash storage systems for next-generation data centers.
NetApp said the SolidFire acquisition extends its portfolio to include 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 world-class 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 radically simple management. This enables customers to accelerate third platform use cases and webscale economics. SolidFire is an active leader in the cloud community with extensive integrated storage management capabilities with OpenStack, VMware, and other cloud frameworks.
“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.”
http://www.solidfire.com
SolidFire Raises $82 Million for Flash Storage
SolidFire said its revenue grew over 700 percent in 2013 and has increased over 50 percent quarter over quarter in 2014. Its customer base is approximately a 50:50 service provider/enterprise.
SolidFire also announced the expansion of its flagship SF Series product line, unveiling two new storage nodes that represent the third generation of SolidFire hardware to be released since the platform became generally available in November 2012.The latest investments bring the company's total funding to $150 million. New investor Greenspring Associates led the round along with a major sovereign wealth fund, with participation from current investors NEA, Novak Biddle, Samsung Ventures and Valhalla Partners.
