NetApp on Monday said it will acquire SolidFire, a Colorado-based maker of data storage hardware for cloud-mined data centers, for $870 million in cash.
The network data storage provider plans to integrate SolidFire into NetApp's data fabric strategy, which aims to deliver data management across flash, disk and cloud resources.
Once its acquisition of the all-flash storage firm closes in Q4, NetApp touts that it will have offerings that address three of the largest all-flash array market segments: the traditional enterprise infrastructure buyer; the application owner; and he next-generation infrastructure buyer.
"This acquisition will benefit current and future customers looking to gain the benefits of webscale cloud providers for their own data centers," said NetApp CEO George Kurian, in a prepared statement.
Founded in 2010, SolidFire's flash arrays were designed originally for the service provider industry, but have since expanded to enterprises. To date SolidFire has raised $150 million in venture capital, including an $82 million round last fall.
As for NetApp, the company reportedly beat out Cisco, EMC, and Samsung in a bid to land SolidFire and bolster its all-flash portfolio.