HP acquires Ibrix

HP has signed an agreement to buy Ibrix, which makes enterprise-scale file-serving software aimed at helping customers manage and store large amounts of data

HP on Friday picked up Ibrix, a file-serving software company, in the latest round of merger-and-acquisition activity. Terms of HP's acquisition were not disclosed.

Ibrix provides enterprise-class file-serving software designed for data protection, high availability and cloud-computing environments.

The deal comes as EMC won Data Domain for $2.1bn (£1.3bn). EMC outbid NetApp for the company.

Storage giants are snapping up smaller companies to round out their portfolios and get ahead of trends. These hardware players are also chasing growth — storage is one of the few bright spots in a declining market.

In a statement, HP said the Ibrix deal is designed to position the company better in the cloud storage market. Ibrix, an HP partner for the last three years, has 53 employees and 175 enterprise customers in multiple verticals.

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