Tuesday, September 30, 2008

HP Acquires LeftHand Networks for Storage and Virtualization

HP agreed to acquire LeftHand Networks, a provider of storage virtualization and iSCSI storage area network (SAN) solutions, for $360 million in cash, subject to certain purchase price adjustments.

LeftHand Networks, which pioneered iSCSI SAN technology, delivers scalable storage software on industry-standard hardware that supports existing technology environments.

HP said LeftHand Networks' portfolio extends its virtualization solutions to the midmarket with software that runs on both existing storage and industry-standard server hardware, reducing training time and overall complexity. Additionally, for certain virtualized environments, LeftHand Networks' intelligent cloning technology can reduce the amount of disk space required for storage by up to 97%. Furthermore, LeftHand Networks also features advanced data replication technology with bandwidth management and failover protection.

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.http://www.hp.comhttp://lefthandnetworks.com

  • LeftHand Networks is located in the LeftHand Valley in Boulder, Colorado.