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NTAP NetApp Inc

105.45
3.33 (3.26%)
After Hours
Last Updated: 22:54:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
NetApp Inc NASDAQ:NTAP NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.33 3.26% 105.45 103.00 105.50 104.73 103.0423 103.25 2,463,473 22:54:00

NetApp to Buy SolidFire

21/12/2015 10:40pm

Dow Jones News


NetApp (NASDAQ:NTAP)
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NetApp Inc. has agreed to buy data-storage startup SolidFire Inc. for $870 million, adding a participant in a sector that has gained prominence as many businesses turn to flash storage rather than hard drives.

Well-funded storage startups have been a threat to technology giants such as NetApp, International Business Machines Corp. and Hewlett-Packard Co.

"With SolidFire, NetApp will now have all-flash offerings that address each of the three largest All-Flash Array market segments," NetApp said Monday.

The deal is expected to close during NetApp's fiscal fourth quarter.

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

December 21, 2015 17:25 ET (22:25 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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