Hewlett-Packard has agreed to acquire PolyServe Inc., a Beaverton, Ore. provider of storage software for application and file serving utilities.
According to the announcement:
The acquisition provides a strong entry point for HP into the high-growth enterprise network-attached storage (NAS) market and allows the company to extend NAS technology to blades, the fastest growing segment of the storage market. The acquisition will also allow HP to offer customers a powerful consolidation platform for databases that require high performance and resilience.
Financial terms of the deal weren’t disclosed.
PolyServe had raised more than $70 million from investors including Fidelity Ventures, Greylock Partners, New Enterprise Associates and the Roda Group.