PALO ALTO, Calif. — (BUSINESS WIRE) — July 17, 2009 — HP (NYSE: HPQ) and IBRIX today announced a definitive agreement for HP to acquire IBRIX, a leading provider of enterprise-class file serving software that includes data protection, high-availability features and data management services for extreme scale-out, cloud and high-performance computing deployments.
Customers with large-scale, data-intensive application environments find that storage performance often becomes a bottleneck for their workflows. IBRIX’s solutions allow enterprises to easily and cost-effectively store massive amounts of user-generated data.
With scalability to tens of petabytes, customers can gain control of exploding data growth and address application performance challenges in the most demanding environments. The advanced data management capability of IBRIX’s Fusion software suite also allows customers to seamlessly add capacity as their data or performance needs grow.
Founded in 2000, and an HP partner for three years, IBRIX is privately held and headquartered in Billerica, Mass. It has 53 employees and more than 175 enterprise customers spanning the communications, media, entertainment, Internet, oil and gas, healthcare, life sciences, and financial services markets. The value of the transaction is not disclosed.
Adding IBRIX’s software to HP’s portfolio further solidifies the company’s leadership in the emerging market of scale-out and high-performance computing storage, cloud storage, and fixed content archiving. This market is growing at a compound annual growth rate of 20 percent per year,(1) which is faster than both the network-attached storage and total external storage markets.(2)
“Customers need highly scalable storage solutions that efficiently and cost-effectively manage massive amounts of information,” said Jeff Hausman, vice president of Unified Storage, StorageWorks Division, HP. “This acquisition expands our portfolio to better support the needs of this market segment. In addition, IBRIX’s highly scalable software leverages industry-standard hardware allowing customers to fully maximize their existing investments.”
IBRIX’s software is currently available with HP StorageWorks storage area networks (SANs), HP ProLiant servers, HP BladeSystem, and HP ProCurve Ethernet switches and management software. The combination of IBRIX’s storage software with HP’s business technology portfolio offers customers a full suite of products and services from design, transformation and management of corporate data centers to the most extreme scale-out environments.
“Joining forces with HP is a natural fit for our customers, resulting in an enhanced storage solution that scales to meet their data growth,” said Milan Shetti, chief executive officer, IBRIX. “The unique combination of IBRIX’s file serving solutions with HP’s portfolio of products and services enables customers to lower the cost of scale-out architectures while easing the process of storing, accessing and moving critical data.”
The transaction is subject to certain closing conditions and is expected to be completed within the next 30 days. Following completion, the business will be integrated into the StorageWorks division in HP’s Technology Solutions Group.
More information about HP StorageWorks is available at www.hp.com/go/storage.
About IBRIX
IBRIX® develops, markets and sells scale-out NAS products and solutions that help global enterprises to gain unprecedented control of unstructured data growth and application performance challenges. IBRIX’s purpose-built scale-out NAS platform, IBRIX Fusion™, dramatically scales performance, capacity and manageability to deliver significant storage cost savings, application performance improvement, non-disruptive growth and infinite scalability. For more information, visit http://www.ibrix.com.
About HP
HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP is available at http://www.hp.com/.
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(1) Based on internal HP estimates of compound annual growth rate.
(2) Compared to percentages in the IDC Worldwide Quarterly Disk Storage Systems Forecast, June 2009.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; risks related to the timing or ultimate completion of the transaction; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2009 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2008. HP assumes no obligation and does not intend to update these forward-looking statements.
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