Flash Consolidation: NetApp to Acquire SolidFire
Amid much rumour, Monday finally saw the announcement that NetApp Inc intends to acquire SolidFire Inc, an all-flash storage startup. The agreement sees the company acquired for $870 million in cash, somewhat short of the $1.2 billion rumoured value. Those of you following my posts (and other work) will know I’ve talked about both companies many times before, so as you can imagine, I have few opinions on this transaction.
Acquisition is a great result for SolidFire. The all-flash market is becoming increasingly competitive, as the established players up their…