Hewlett-Packard to buy Ibrix
HP signs an agreement to acquire Ibrix, which makes enterprise-scale file serving software designed to help customers manage and store large amounts of data.
Hewlett-Packard announced Friday that it will acquire Ibrix, a maker of enterprise-scale file serving software.
Large companies running huge data-heavy applications often bump into bottlenecks with both storage and performance. HP says that Ibrix's software is designed to help such customers manage and store massive amounts of data, scaling to tens of petabytes. (A petabyte is 1,000 terabytes.)
HP wants Ibrix to help strengthen its share of the burgeoning market for high-performance enterprise data storage, cloud storage, and file archiving. HP says this segment is growing 20 percent a year, faster than the markets for network-attached storage (NAS) and external storage.
"Customers need highly scalable storage solutions that efficiently and cost-effectively manage massive amounts of information," said Jeff Hausman, vice president of Unified Storage in HP's StorageWorks division. "This acquisition expands our portfolio to better support the needs of this market segment."
Started in 2000, Ibrix is a privately held company in Massachusetts with 53 employees and more than 175 enterprise customers.
"Joining forces with HP is a natural fit for our customers, resulting in an enhanced storage solution that scales to meet their data growth," said Milan Shetti, chief executive officer of Ibrix. "The unique combination of Ibrix's file-serving solutions with HP's portfolio of products and services enables customers to lower the cost of scale-out architectures while easing the process of storing, accessing and moving critical data."
HP expects the deal to be completed in the next 30 days, after which Ibrix will become part of the StorageWorks division in HP's Technology Solutions Group.
The cost of the deal was not disclosed.