SUNNYVALE, Calif.-May 9,
2011-NetApp (NASDAQ: NTAP) today announced that it has
completed the purchase of the Engenio external storage systems
business from LSI Corporation (NYSE: LSI) in an all-cash deal for
$480 million. With the completed transaction, NetApp gains an
original equipment manufacturer (OEM) business that generated
revenues of $705 million in 2010 and further enables NetApp to
diversify its channels to market and expand its market reach.
"NetApp is excited to deliver product and
technology innovations to support our OEM business partners and
help them effectively meet customer demand for managing and storing
critical data," said Tom Georgens, president and CEO, NetApp.
"NetApp has a strong reputation as a partner-oriented company, and
the OEM business is integral to our strategy to continue to
generate industry-leading growth."
Rick Scurfield, vice president and general
manager of NetApp's OEM business, will oversee and manage the OEM
partnerships and business globally. Juan De Zulueta, who has over
15 years of channel leadership experience and is currently a vice
president in EMEA's partner organization, will become vice
president of OEM business operations in EMEA. Mike Reilly will be
director of OEM Field Sales for the Americas, and Bunji Kawanishi
will be director of OEM Field Sales for APAC.
As part of the transaction, NetApp also gains
access to a talented team that is skilled at managing a mature,
proven OEM business model, further enhancing continuity during the
transition. Additionally, the OEMs will benefit from NetApp's
award-winning service and support organizations.
- Douglas Balog, vice president and business line
executive, IBM Storage
"Building on this announcement and our established relationship,
IBM and NetApp remain committed to supporting and enhancing
clients' IBM DS3000, DS4000, and DS5000 environments. New
capabilities announced by IBM today, such as leadership 10G iSCSI
support, demonstrate our commitment to continue enhancing these
current OEM-based offerings."
- Tony Carrozza, SVP Worldwide Sales, SGI
"We are excited with the opportunity to work closely with NetApp as
an OEM storage partner. NetApp is an industry-leading storage
provider and as a result brings a level of innovation and expertise
to the table that will help us differentiate our storage solutions
in the market."
- Scott Gnau, chief development officer, Teradata
"NetApp has proven that it is a leader in its field, and Teradata's
customers will benefit from the new and expanded relationship.
Working closely with NetApp, we will continue to deliver products
that exceed our customers' high performance requirements."
To learn more about the new products and
solutions NetApp introduced as a result of its completed purchase
of the Engenio external storage systems business from LSI
read the separate press release NetApp issued today.
NetApp creates innovative storage and data management solutions
that accelerate business breakthroughs and deliver outstanding cost
efficiency. Discover NetApp's 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 United States and/or other countries. All other brands or
products are trademarks or registered trademarks of their
respective holders and should be treated as such. Use of the word
"partner" or "partnership" does not imply a legal partnership
between NetApp and any other company.