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Announced

Completed

NetApp completed the acquisition of Talon Storage.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

software development

Acquisition

Friendly

Single Bidder

Software

Private

Completed

Synopsis

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NetApp, a provider of cloud data services, completed the acquisition of Talon Storage, a provider of software-defined storage solutions enabling global enterprises to centralize and consolidate IT storage infrastructure to the public clouds. Financial terms were not disclosed. "As we grow our cloud data services offerings with solutions like Cloud Volumes ONTAP®, Cloud Volumes Service, Azure NetApp Files and Cloud Insights, we are excited about the potential that lies in front of this new combined team to deliver complete solutions for primary workloads. We share the same vision as the team did at Talon - a unified footprint of unstructured data that all users access seamlessly, regardless of where in the world they are, as if all users and data were in the same physical location. And to do this without impacting workflow, user experience – and at a lower cost," Anthony Lye, NetApp Senior Vice President and General Manager.

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