Thursday, January 03, 2008

NetApp to Acquire Boston-based Storage Software Firm Onaro - Boston, MA

Network Appliances (NetApp), a California-based developer of data management software, said on Thursday that it will acquire Boston-based Onaro, a developer of software that allows large companies to better manage storage. Financial terms of the deal were not disclosed. NetApp said that the acquisition will strengthen its storage and data management software portfolio, helping clients to increase data center and storage network efficiencies. Onaro's client list includes AOL, JetBlue Airways, State Street Global Advisors, and Wyeth Pharmaceuticals. The deal is expected to close during the first quarter.


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