Network Appliance to acquire Alacritus
Network Appliance Inc. will be acquiring Alacritus, a privately held company based in Pleasanton, Calif., for approximately $11 million in an all-cash transaction. The acquisition is expected to close by the end of the fourth fiscal quarter of 2005.
Alacritus is best known for its Virtual Tape Library (VTL) software product, which makes disks emulate tape to provide high performance for large-scale backup environments without disrupting established tape-backup workflow and processes.
The acquisition will help NetApp accelerate its transitions to disk-based backup, said Amit Pandey, vice president and general manager of the Network Appliance NearStore business unit.
In December 2004, NetApp announced a system combining Alacritus VTL with NetApp NearStore and FAS storage systems designed to back up NetApp storage as well as UNIX and Windows servers.