Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
HP To Buy LeftHand Networks
October 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Hewlett-Packard (HP) announced on October 1 that it will acquire LeftHand Networks, a leading provider of storage virtualisation and storage area network (SAN) solutions. HP, one of the world's largest technology companies, has signed a definitive agreement to acquire the Boulder, Colorado-based company for US$360mn in cash. Founded in 1999, LeftHand provides storage software for midsize companies and remote offices or branches of large corporations, which allows them to protect critical business data. Jason Treu, a spokesperson for HP, told CFW that SAN solutions are a 'fast-growing industry' and that analysts predict that iSCSI, the type of SAN LeftHand specialises