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NetApp to acquire Bycast
By siliconindia
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Friday, 09 April 2010, 14:50 IST |
2 Comments
Bangalore: NetApp, a storage and data management solutions firm, has made a definitive agreement to acquire Bycast in an all-cash transaction. Bycast is a privately held company headquartered in Vancouver.
With the acquisition of Bycast, NetApp plans to broaden its capabilities in serving key verticals digital media, Web 2.0, healthcare, and cloud services providers and helps customers create even greater efficiencies across data centers around the globe. The company is a developer of object-based storage software designed to manage petabyte-scale, globally distributed repositories of images, video, and records for enterprises and service providers.
The acquisition is expected to close in May 2010, subject to the satisfaction of customary closing conditions.