NetApp offers $US160 million for storage software firm

NetApp offers $US160 million for storage software firm

Network Appliance has agreed to buy storage software company Topio for $US160 million in cash

Storage vendor, Network Appliance (NetApp), is planning to acquire a California firm to add to its portfolio of storage system management software.

NetApp said it had entered into a definitive agreement to acquire privately held Topio for approximately $US160 million in cash.

Topio, already a NetApp Strategic Partner, was a provider of software that helped customers replicate, recover and protect data over any distance regardless of the underlying server or storage infrastructure, NetApp said.

Topio is in Santa Clara, California, not far from NetApp's headquarters in nearby Sunnyvale, and operates a research and development facility in Haifa, Israel.

NetApp said the acquisition of Topio would enable NetApp's customers to replicate their data on any vendor's system, including those of its main rivals EMC, HP and Hitachi Data Systems, to any NetApp storage system.

NetApp expects to complete the acquisition by December, at which point Topio will become a new business unit within NetApp.

Topio's R&D facility in Israel would continue to operate after the deal closed, NetApp said.

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