NetApp Completes Acquisition of Bycast Inc.
Sunnyvale, Calif.-May 14,
2010-NetApp (NASDAQ: NTAP) today announced that it has
completed the acquisition of Bycast Inc., a privately held company
headquartered in Vancouver, British Columbia, Canada, under terms
of the definitive agreement announced on April 7, 2010.
Bycast extends NetApp's leadership position
in unified storage by
adding an object-based storage offering to manage petabyte-scale,
globally distributed repositories of images, video, and records for
enterprises and service providers. Bycast also expands NetApp's
position in key markets such as healthcare, digital media, Web 2.0,
and cloud services providers.
Bycast's former headquarters is now the
NetApp Vancouver Technology Center, responsible for existing Bycast
products and future product development.
Additional details on the NetApp acquisition
of Bycast can be found in the April 7, 2010 initial
acquisition press release.
NetApp creates innovative storage and data management solutions
that accelerate business breakthroughs and deliver outstanding cost
efficiency. Discover our passion for helping companies around the
world go further, faster at www.netapp.com.
NetApp, the NetApp logo, and Go further,
faster are trademarks or registered trademarks of NetApp, Inc. in
the U.S. and other countries. All other brands or products are
trademarks or registered trademarks of their respective holders and
should be treated as such.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements include the anticipated benefits to be obtained
from NetApp's acquisition of Bycast, including Bycast's product
capabilities and compatibility. These forward-looking statements
involve risks and uncertainties, and actual results could vary.
Factors that could impact our ability to achieve our goals include
our ability to successfully integrate Bycast's operations and
products with our own; the future success of both companies'
product lines; general economic and industry conditions, including
expenditure trends for storage-related products; our ability to
deliver new product architectures and products that meet market
acceptance; our ability to design products that compete effectively
from a price and performance perspective; and other important
factors as described in NetApp reports and documents filed from
time to time with the Securities and Exchange Commission.