Deals

Network Appliance to buy storage company, Topio, for $160M

Updated

Network Appliance said it will acquire Topio, a privately held Santa Clara company with R&D in Haifa, Israel, for approximately $160 million in an all-cash transaction.

Topio, a Network Appliance partner until now, sells software that helps customers replicate, recover, and protect data on any underlying server or storage infrastructure — whether it is EMC, HP, or HDS.

Among the winners here are the backers of Topio, who include Star Ventures, Sequoia Capital, Intel and Sigma Partners. The invested about $21 million into the company, so the return is solid.

From the company’s statement:

The joint capabilities of Topio and NetApp deliver a broad range of solutions spanning data protection, data migration, and data cloning. In addition to providing customers with all the benefits that come with the renowned unified architecture from NetApp, the joint solution is especially compelling in two user scenarios. First, customers with production storage not from NetApp can nondisruptively replicate data to a NetApp system and take full advantage of rapid, storage-free data cloning using NetApp FlexCloneâ„¢ technology, which provides near-instantaneous creation of multiple clones of data without additional storage requirements. Second, customers with mixed legacy storage environments can unify their disaster recovery (DR) environment on reliable and cost-effective NetApp tiered storage platforms and put the DR copy to active business use.

blog comments powered by Disqus