In a move that will extend its offerings in the lower end ofthe storage market Hewlett-Packard hasagreed to buy LeftHand Networks for $360m in cash.
The deal, which is expected to be concluded early next year,opens up HP to the iSCSI SAN market and can sit alongside HP’s other StorageWorksproducts that tap into the mid to high end of the market.
In a statement, Bill Chambers, CEO of LeftHand Networks,said that the deal would benefit both resellers and customers: “giving them anextended portfolio of server, storage and networking products and services.”
Dave Robertson, senior vice president and general manager ofHP’s StorageWorks division said the acquisition would provide it with moreoptions for customers looking for technologies at various price points.
“With our strong channel and leading position in theindustry-standard server market, we are ideally positioned to deliver thistechnology to customers worldwide,” he added.
AlanBrown, business strategy director at Panacea Services, said the deal madesense.
"It isnot a surprise that HP is looking to strengthen its iSCSI SAN and storagevirtualisation offering as it's an area it doesn't currently havecovered. The acquisition of LeftHand Networks looks like it will be a goodmove for HP in an increasingly exciting and competitive market, allowing it tocompete with the likes of Dell EqualLogic,” he said.
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