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Article: HP Acquires LeftHand Networks to Extend Leadership in Storage and Virtualization Solutions.
- Article from:
- Science Letter
- Article date:
- October 14, 2008
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HP (NYSE:HPQ) announced it has signed a definitive agreement to acquire LeftHand Networks Inc., a leading provider of storage virtualization and iSCSI storage area network (SAN) solutions (see also HP).
LeftHand Networks' solutions enable midsize companies and remote offices or branches of large corporations to easily and cost-effectively protect critical business data. HP has agreed to purchase LeftHand Networks for $360 million in cash, subject to certain purchase price adjustments.
Founded in 1999, LeftHand Networks is privately held and headquartered in Boulder, Colo. It has 215 employees and more than 500 resellers and distributors worldwide. The ...