M&A Deal Summary

NetApp Acquires Engenio

On May 9, 2011, NetApp acquired technology hardware company Engenio from LSI for 480M USD

Acquisition Highlights
  • This is NetApp’s 2nd transaction in the Technology Hardware sector.
  • This is NetApp’s 2nd largest (disclosed) transaction.
  • This is NetApp’s 5th transaction in the United States.

M&A Deal Summary
Date 2011-05-09
Target Engenio
Sector Technology Hardware
Buyer(s) NetApp
Sellers(s) LSI
Deal Type Divestiture
Deal Value 480M USD

Target

Engenio

United States
Engenio provides external storage systems services.

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Buyer(S) 1

Buyer

NetApp

San Jose, California, United States
Category Company
Founded 1992
Sector Information Technology
Employees11,000
Revenue 6.3B USD (2024)
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. The company'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. Its E-Series platform offers modular flexibility and custom configuration capability for a variety of workloads. NetApp was founded in 1992 and is based in San Jose, California.

DEAL STATS #
Overall 5 of 19
Sector (Technology Hardware) 2 of 3
Type (Divestiture) 1 of 2
Country (United States) 5 of 18
Year (2011) 2 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-12 Akorri Networks

Littleton, Massachusetts, United States

Akorri develops cross-domain analytical software solutions that optimize performance and utilization in the dynamic data center. BalancePoint virtual infrastructure management software provides automated, infrastructure-wide visibility and analysis to help enterprises fix problems, optimize utilization, and improve performance for both virtual and physical servers and storage. IT organizations use BalancePoint to reduce IT infrastructure total cost of ownership and ultimately enable a service-oriented infrastructure.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-20 Cache IQ

Austin, Texas, United States

Cache IQ, Inc. (Cache IQ) is a storage software solutions.

Buy -

Seller(S) 1

SELLER

LSI

San Jose, California, United States
Category Company
Founded 1980
Sector Semiconductors
Revenue 2.4B USD (2013)
DESCRIPTION

LSI Corp. is a provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-27 ONStor

Campbell, California, United States

ONStor, Inc., provides clustered network attached storage (NAS) solutions designed to help enterprises consolidate, protect and manage the accelerating growth of unstructured data. ONStor products include NAS gateways, NAS systems and unified storage systems sold to end users through a worldwide network of channel partners and original equipment manufacturers (OEMs).

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-04 SandForce

Milpitas, California, United States

SandForce, Inc. is a provider of flash storage processors for enterprise and client flash solutions and solid state drives (SSDs).

Buy $370M
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