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    HP Acquires LeftHand Networks

    Ken.Cline Champion

      So...is this a good thing, or a bad thing?

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      HP Acquires LeftHand Networks to Extend Leadership in Storage and Virtualization Solutions

       

      Last update: 8:11 a.m. EDT Oct. 1, 2008

      PALO ALTO, Calif., Oct 01, 2008 (BUSINESS WIRE) -- HP (HPQ:

       

      HPQ 45.24, -1.00, -2.2%) today 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.

       

      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 company has more than 11,000 installations across 3,000 different customers.

       

      Ken Cline

      Technical Director, Virtualization

      Wells Landers

      TVAR Solutions, A Wells Landers Group Company

      VMware Communities User Moderator

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