NetApp to buy flash storage maker SolidFire for $870 million!

Network Appliance, shortly known as NetApp is all set to buy flash storage maker SolidFire for $870 million in cash early next year. The American computer storage and data management company wants to cement its foothold in scale-out flash storage market and so is planning to acquire the said flash storage maker by the end of January 2016 and will make it officially public in first week of Feb’16.

It has to be notified over here that NetApp already makes all flash systems, including the NetApp All Flash FAS line and EF Series. It will target SolidFire’s products at customers building next generation web scale infrastructure based on so called White box hardware.

Flash storage, while more expensive per bit than hard disks, delivers data much faster while taking up less space and power.

Scale-out architectures like SolidFire’s are designed to give enterprises greater flexibility in building out data centers and that too at low cost.

On the other hand, some of the storage analysts feel that NetApp has the ability to invest in technology innovations and so it doesn’t have the need to buy what SolidFire has been offering. So, they instead feel that the purchase is to consolidate the industry and take over the customer base of SolidFire.

Meanwhile, SolidFire CEO Dave Wright agreed that his company will be selling its assets to storage giant NetApp. But at the same time, he also disclosed that the name of his company will remain unchanged even after the purchase deal.

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