HP Extends Reach in High-growth Network-attached Storage Market with PolyServe Acquisition
The acquisition provides astrong entry point for HP into the high-growth enterprisenetwork-attached storage (NAS) market and allows the company toextend NAS technology to blades, the fastest growing segment of thestorage market. The acquisition will also allow HP to offercustomers a powerful consolidation platform for databases thatrequire high performance and resilience.
Founded in 1999, PolyServeis headquartered in Beaverton, Ore., has 117 employees and servesmore than 500 customers in a variety of industries includingfinance, energy and technology. Financial terms of the transactionwere not disclosed.
PolyServe software workswith industry-standard hardware such as HP ProLiant servers andHP's portfolio of storage arrays to consolidate and virtualize NASin Linux or Windows® environments. With the software, informationfrom file or database servers can be consolidated into a single,shared pool of storage that is highly available and can scale tomatch business demands.
"Our two-year relationshipwith PolyServe has convinced us that its technology will helpaccelerate HP's growth and complement our HP StorageWorks, ProLiantand BladeSystem businesses," said Bob Schultz, senior vicepresident and general manager, StorageWorks Division, HP. "Thecombination of PolyServe software and industry-standard HP hardwarecan help customers consolidate individual silos of storage, reducecomplexity in their IT infrastructures, increase agility and lowerIT costs."
"PolyServe has growntremendously in the past year," said Michael Stankey, chairman andchief executive officer, PolyServe. "Working with HP has proven howsimple, powerful solutions create tremendous customer value andwe're excited to be joining the HP organization. We believe thattogether, we can drive even more growth."
The transaction is subjectto certain closing conditions and is expected to be completedwithin approximately 60 days. Following completion, the businesswill be integrated into the StorageWorks division in HP'sTechnology Solutions Group.
More information about HPStorageWorks is available at http://www.hp.com/go/storage.
PolyServe, Inc. is aleading provider of software for enabling utility computing inenterprise data centers. PolyServe software consolidates Linux andMicrosoft Windows servers and storage into manageable, availableand scalable utilities for databases and file serving. In additionto its headquarters in Beaverton, Ore., PolyServe has a Microsoftdevelopment center in Bellevue, Wash. It also has sales and supportoffices in Atlanta, Boston, Chicago, Houston, London, Minneapolis,New York, San Francisco and Washington, D.C. For more informationabout PolyServe, visit http://www.polyserve.com.
Microsoft andWindows are U.S. registered trademarks of MicrosoftCorporation.
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 but not limited to the expected benefits andcosts of the transaction; management plans relating to thetransaction and integration of the organizations; statements of theplans, strategies and objectives of management for futureoperations; any statements concerning expected development,performance or market share relating to products and services;anticipated operational and financial results; any statements ofexpectation or belief; and any statements of assumptions underlyingany of the foregoing. Risks, uncertainties and assumptions includethe possibility that expected benefits may not materialize asexpected; risks related to the integration and other risks that aredescribed from time to time in HP's Securities and ExchangeCommission reports, including but not limited to the risksdescribed in HP's Annual Report on Form 10-K for the fiscal yearended Oct. 31, 2006 and other reports filed after that Form 10-K.HP assumes no obligation and does not intend to update theseforward-looking statements.
About HP Inc.
HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.
© 2017 HP Inc. The information contained herein is subject to change without notice. The only warranties for HP Inc. products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP Inc. shall not be liable for technical or editorial errors or omissions contained herein.