HP on Wednesday said it will acquire storage company LeftHand Networks for $360 million. LeftHand provides storage area network systems and virtualization for midmarket companies.
In a statement, HP said the deal is expected to close in its first fiscal quarter. After closing, the Boulder, Colo.-based LeftHand will be lumped into HP's StorageWorks unit.
LeftHand was founded in 1999, has 215 employees and a 500 resellers in its distribution network.