HP To Buy LeftHand Networks

October 1, 2008 by
Filed under: DAILY Dose of PC News 

According to CNET today, HP announced they will be purchasing LeftHand Networks, a storage specialist, for $360 million. This purchase will help HP fill out their virtualization offerings.

As HP’s data storage demand increases, they are looking to expand their data storage capacities which is why they are purchasing LeftHand. According to the article, “the all-cash deal is expected to close in the first quarter of HP’s fiscal year 2009. LeftHand will be integrated into the StorageWorks division of HP’s Technology Solutions Group.”

LeftHand Networks has 215 employees and was founded in 1999 in Boulder, Colorado.

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