Hewlett-Packard has acquired LeftHand Networks to extend its storage and virtualisation offering in the SME and branch office market segments.
LeftHand Networks is a provider of storage virtualisation and iSCSI storage area networks (Sans).
LeftHand Networks' systems enable midsize companies and remote offices or branches of large corporations to easily and cost-effectively protect critical business data.
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HP has agreed to purchase LeftHand Networks for £200m, subject to certain purchase price adjustments.
Founded in 1999, LeftHand Networks is privately held and headquartered in Boulder, Colorado. It has 215 employees and more than 500 resellers and distributors worldwide.
The company has more than 11,000 installations across 3,000 different customers.
A pioneer of iSCSI San technology, LeftHand Networks delivers scalable storage software on industry-standard hardware that supports existing technology environments.
LeftHand Networks' portfolio extends HP virtualisation offerings to the midmarket with software that runs on both existing storage and industry-standard server hardware, reducing training time and overall complexity.
As a result, companies can move to a San for significantly lower cost, manage their data more easily, and scale their storage infrastructures incrementally as their businesses grow, said HP.
Additionally, for certain virtualised environments, said HP, LeftHand Networks' intelligent cloning technology can reduce the amount of disk space required for storage by up to 97%, whilst its thin provisioning features reduce power consumption by minimising the over-provisioning of storage.
The transaction is subject to certain closing conditions and is expected to be completed in HP's first fiscal quarter of 2009.
Following completion, the business will be integrated into the HP StorageWorks division within the Technology Solutions Group at HP.