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HP eyes midmarket; Buys LeftHand Networks

By | October 1, 2008, 6:26am PDT

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.

lefthand.pngWith the purchase, HP becomes the latest large technology vendor to aim for midsized companies. LeftHand’s products allow midsized companies to manage remote and branch offices.

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.

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Topics

LeftHand Networks, Hewlett-Packard Co., Storage, Storage Area Networks (SAN), Storage Management, Hardware, Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.

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Larry Dignan

Larry Dignan has nothing to disclose. He doesn’t hold investments in the technology companies he covers.

Biography

Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.

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