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Hewlett-Packard Acquires Storage Software Firm IBRIX
18 Jul 2009
HP is buying privately held storage software maker IBRIX as it looks to catch up with IBM and EMC Corp in the $20 billion market for corporate data storage equipment.
The move gives HP control of a technology that companies use to quickly access large quantities of data for important business applications.
IBRIX has about 175 customers, including Steven Spielberg's DreamWorks Studios, Caterpillar Inc and JPMorgan Chase & Co. IBRIX has 53 employees comes as merger activity heats up in the storage industry, which analysts expect to grow faster than the rest of the tech industry.
EMC won a bidding war against NetApp Inc for specialty storage equipment maker Data Domain Inc this month. Broadcom Corp offered to buy storage networking equipment maker Emulex Corp but was rejected.
IBRIX's biggest resellers include EMC and Dell Inc. HP hired former EMC executive David Donatelli in May to spearhead efforts to expand its storage business.
Tags
hp, ibrix, storage software
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