HP Acquires IBRIX to Extend Scale-out Storage Capabilities to Global Customers
HP and IBRIX todayannounced a definitive agreement for HP to acquire IBRIX, a leadingprovider of enterprise-class file serving software that includesdata protection, high-availability features and data managementservices for extreme scale-out, cloud and high-performancecomputing deployments.
Customers with large-scale,data-intensive application environments find that storageperformance often becomes a bottleneck for their workflows. IBRIX’ssolutions allow enterprises to easily and cost-effectively storemassive amounts of user-generated data.
With scalability to tens ofpetabytes, customers can gain control of exploding data growth andaddress application performance challenges in the most demandingenvironments. The advanced data management capability of IBRIX’sFusion software suite also allows customers to seamlessly addcapacity as their data or performance needs grow.
Founded in 2000, and an HPpartner for three years, IBRIX is privately held and headquarteredin Billerica, Mass. It has 53 employees and more than 175enterprise customers spanning the communications, media,entertainment, Internet, oil and gas, healthcare, life sciences,and financial services markets. The value of the transaction is notdisclosed.
Adding IBRIX’s software toHP’s portfolio further solidifies the company’s leadership in theemerging market of scale-out and high-performance computingstorage, cloud storage, and fixed content archiving. This market isgrowing at a compound annual growth rate of 20 percent peryear,(1) which is faster than both the network-attachedstorage and total external storage markets.(2)
“Customers need highlyscalable storage solutions that efficiently and cost-effectivelymanage massive amounts of information,” said Jeff Hausman, vicepresident of Unified Storage, StorageWorks Division, HP. “Thisacquisition expands our portfolio to better support the needs ofthis market segment. In addition, IBRIX’s highly scalable softwareleverages industry-standard hardware allowing customers to fullymaximize their existing investments.”
IBRIX’s software iscurrently available with HPStorageWorks storage area networks (SANs), HP ProLiant servers, HP BladeSystem, and HPProCurve Ethernet switches and management software. Thecombination of IBRIX’s storage software with HP’s businesstechnology portfolio offers customers a full suite of products andservices from design, transformation and management of corporatedata centers to the most extremescale-out environments.
“Joining forces with HP isa natural fit for our customers, resulting in an enhanced storagesolution that scales to meet their data growth,” said Milan Shetti,chief executive officer, IBRIX. “The unique combination of IBRIX’sfile serving solutions with HP’s portfolio of products and servicesenables customers to lower the cost of scale-out architectureswhile easing the process of storing, accessing and moving criticaldata.”
The transaction is subjectto certain closing conditions and is expected to be completedwithin the next 30 days. Following completion, the business will beintegrated into the StorageWorks division in HP’s TechnologySolutions Group.
More information about HPStorageWorks is available at www.hp.com/go/storage.
IBRIX® develops, marketsand sells scale-out NAS products and solutions that help globalenterprises to gain unprecedented control of unstructured datagrowth and application performance challenges. IBRIX’spurpose-built scale-out NAS platform, IBRIX Fusion™, dramaticallyscales performance, capacity and manageability to deliversignificant storage cost savings, application performanceimprovement, non-disruptive growth and infinite scalability. Formore information, visit http://www.ibrix.com.
HP, the world’s largesttechnology company, simplifies the technology experience forconsumers and businesses with a portfolio that spans printing,personal computing, software, services and IT infrastructure. Moreinformation about HP (NYSE: HPQ) is available at http://www.hp.com/.
(1) Basedon internal HP estimates of compound annual growthrate.
(2)Compared to percentages in the IDC Worldwide Quarterly Disk StorageSystems Forecast, June 2009
This news releasecontains forward-looking statements that involve risks,uncertainties and assumptions. If such risks or uncertaintiesmaterialize or such assumptions prove incorrect, the results of HPand its consolidated subsidiaries could differ materially fromthose expressed or implied by such forward-looking statements andassumptions. All statements other than statements of historicalfact are statements that could be deemed forward-lookingstatements, including the expected benefits and costs of thetransaction; management plans relating to the transaction; theexpected timing of the completion of the transaction; anystatements of expectation or belief; and any statements ofassumptions underlying any of the foregoing. Risks, uncertaintiesand assumptions include the possibility that expected benefits maynot materialize as expected; risks related to the timing orultimate completion of the transaction; and other risks that aredescribed in HP’s Quarterly Report on Form 10-Q for the fiscalquarter ended April 30, 2009 and HP’s other filings with theSecurities and Exchange Commission, including but not limited toHP’s Annual Report on Form 10-K for the fiscal year ended October31, 2008. HP assumes no obligation and does not intend to updatethese forward-looking statements.
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