The SolidFire company founded in 2010 is one of the largest producers a flash storage systems developed for new generation of data centers where simple scaling, the installation which is not requiring service, the guaranteed performance and the separated access and also cloud business cases are the main drivers of growth of the market.
2015: NetApp redeemed SolidFire for $1.2 billion
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. Customers now have access to the industry’s broadest all-flash portfolio to meet their needs for speed, scale and data services. Over time, SolidFire products will be incorporated into NetApp’s Data Fabric strategy, delivering seamless data management across flash, disk and cloud resources.
On December 21, 2015, the producer of storage systems NetApp announced purchase of SolidFire for $870 million that there is less amount which was called by the media announcing the preparing transaction.
Some days before the declaration of SolidFire sale the CRN edition with reference to own sources wrote that NetApp will pay for this acquisition about $1.2 billion according to CRN, negotiations on SolidFire purchase were also conducted by the companies Cisco, EMC and Samsung.[1]
According to the statement of Netapp, the company is going to execute all formalities concerning merger of SolidFire in the fourth financial quarter (will come to the end in April, 2016).
As SolidFire is private company, she was not obliged to open the financial performance what it also did not do. By December, 2015 the startup attracted in total more than $150 million investments, including $82 million in October, 2014 when Greenspring Associates and Silicon Valley Bank funds invested in SolidFire.
As notes the Fortune edition, purchase of SolidFire will allow NetApp to add the high-performance equipment for data storage focused on telecom operators and owners of cloud infrastructures to the product portfolio.[2]
"SolidFire combines performance and profitability of the disk storages constructed only on a flash memory with web and scalable architecture which strongly simplifies work of data centers and allows to accelerate deployment of new applications" — the CEO of Netapp George Kurian said.[3]
Notes
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