NetApp to acquire VC-backed SolidFire for $870 mln

NetApp Inc has agreed to buy Boulder, Colorado-based SolidFire, provider of all-flash storage systems, for $870 million in cash. Solidfire’s backers included Greenspring Associates, New Enterprise Associates, Novak Biddle, Samsung Ventures and Valhalla Partners.

PRESS RELEASE

NetApp, Inc. (NASDAQ: NTAP) today announced it has entered into a definitive agreement to acquire SolidFire for $870 million in cash.

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