HP acquires software firm

HP diversifies its company portfolio by moving strongly into file storage

HP and IBRIX today announced an agreement for HP to acquire IBRIX, a provider of file serving software that includes data protection, high-availability features and data management services for extreme scale-out, cloud and high-performance computing deployments.

“Customers need highly scalable storage solutions that efficiently and cost-effectively manage massive amounts of information,” said Jeff Hausman, vice president of Unified Storage, StorageWorks Division, HP. “This acquisition expands our portfolio to better support the needs of this market segment. In addition, IBRIX’s highly scalable software leverages industry-standard hardware allowing customers to fully maximise their existing investments.”

“Our need for data is never sated – just a few years ago terabytes sounded big, and already we have begun to talk about petabytes and exabytes,” said Manoj Bhoola, Enterprise Storage and Servers Country Manager, Technology Solutions Group, HP South Africa.  “Storage solutions must be highly scalable, in order to handle the exponential growth of our data needs.

“Joining forces with HP is a natural fit for our customers, resulting in an enhanced storage solution that scales to meet their data growth,” said Milan Shetti, chief executive officer, IBRIX. “The unique combination of IBRIX’s file serving solutions with HP’s portfolio of products and services enables customers to lower the cost of scale-out architectures while easing the process of storing, accessing and moving critical data.”

The transaction is subject to certain closing conditions and is expected to be completed within the next 30 days. Following completion, the business will be integrated into the StorageWorks division in HP’s Technology Solutions Group.

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HP acquires software firm