Bladewatch.com

HP site and their blog entry

PALO ALTO, Calif., Oct. 1, 2008 – HP today announced it has signed a definitive agreement to acquire LeftHand Networks Inc., a leading provider of storage virtualization and iSCSI storage area network (SAN) solutions.

LeftHand Networks’ solutions enable midsize companies and remote offices or branches of large corporations to easily and cost-effectively protect critical business data. HP has agreed to purchase LeftHand Networks for $360 million in cash, subject to certain purchase price adjustments.

Founded in 1999, LeftHand Networks is privately held and headquartered in Boulder, Colo. It has 215 employees and more than 500 resellers and distributors worldwide. The company has more than 11,000 installations across 3,000 different customers.

I wonder what innovations we will see from this new aquisition, anything in the storage virtualization arena would be of interest, particularly in the grid computing/data caching and virtualization space.

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