M&A Deal Summary

NetApp Acquires SolidFire

On December 22, 2015, NetApp acquired technology hardware company SolidFire from Valhalla Partners for 870M USD

Acquisition Highlights
  • This is NetApp’s 3rd transaction in the Technology Hardware sector.
  • This is NetApp’s largest (disclosed) transaction.
  • This is NetApp’s 9th transaction in the United States.
  • This is NetApp’s 1st transaction in Colorado.

M&A Deal Summary
Date 2015-12-22
Target SolidFire
Sector Technology Hardware
Buyer(s) NetApp
Sellers(s) Valhalla Partners
Deal Type Add-on Acquisition
Deal Value 870M USD
Advisor(s) Qatalyst Partners LP (Financial)

Target

SolidFire

Boulder, Colorado, United States
website
SolidFire, Inc. is a producer of all-flash storage systems built for the next-generation data center where simple scaling, set-and-forget management, assured performance and multi-tenancy, and cloud economic models are driving new market growth.

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Buyer(S) 1

Buyer

NetApp

Sunnyvale, California, United States

website

Category Company
Founded 1992
Sector Information Technology
Employees11,000
Revenue 6.3B USD (2022)
DESCRIPTION
NetApp's corporate headquarters in Sunnyvale, California.
NetApp's corporate headquarters in Sunnyvale, California.

NetApp is a provider of storage systems and data management solutions. NetApp's storage systems help customers streamline operations and lower the cost associated with storing and managing their data. NetApp's unified fabric-attached storage platform offers a storage platform for business applications, shared infrastructures, and cloud environments. The Company's E-Series platform offers modular flexibility and custom configuration capability for a variety of workloads. NetApp was founded in 1992 and is based in Sunnyvale, California.

DEAL STATS #
Overall 9 of 19
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 7 of 17
State (Colorado) 1 of 2
Country (United States) 9 of 18
Year (2015) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Riverbed Technology-SteelStore Product Line

United States

The SteelStore product supports backup applications and cloud providers,where customers have a choice in how they extend their existing data protection infrastructure into the cloud.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-26 PlexiStor

Mountain View, California, United States

PlexiStor is a provider of software that turns off-the-shelf servers into high-performance converged infrastructure offerings with persistent memory technologies. PlexiStor was founded in 2013 and is based in Mountain View, California

Buy -

Seller(S) 1

SELLER

Valhalla Partners

Vienna, Virginia, United States

Investor Investor Investor

website

Category Venture Capital Firm
Founded 2002
PE ASSETS 440M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Valhalla Partners is a private equity and venture capital firm focused primarily on providing capital to technology companies in the Mid-Atlantic US. Valhalla will invest at all company stages, including early-stage needs as well as more mature company situations such as divestitures. Sub-sectors of tech Valhalla will consider include software, internet, digital media, mobile, and data storage. Valhalla Partners was formed in 2002 and is based in Vienna, Virginia.

DEAL STATS #
Overall 25 of 33
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 17 of 22
State (Colorado) 2 of 2
Country (United States) 25 of 33
Year (2015) 4 of 4
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-17 Bidtellect

Delray Beach, Florida, United States

Bidtellect is a native advertising technology and solutions company offering deep campaign insights across a wide range of KPIs for brand, agency, and trading desk partners. Bidtellect was founded in 2014 and is based in Delray Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Exadigm

Santa Ana, California, United States

ExaDigm is the leading innovator of modular IP-based wired and wireless point-of-sale (POS) terminal solutions.

Sell -
Mergr

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