In brief: NetApp confirms $US480 million Engenio acquisition

The agreement was initially made in March this year

Global storage company NetApp has confirmed the completed acquisition of LSI’s external storage systems business, Engenio for $US480 million.

The buy was originally flagged in March when NetApp entered into an agreement to purchase the company with the aim to serve new applications with growing demands for storage.

The deal will result in the company acquiring an original equipment manufacturer (OEM) as well as taking on Engenio employees in Australia and throughout the Asia Pacific region.

NetApp vice president and general manager of its OEM business, Rick Scurfield, will oversee and manage the OEM sector of the business while Bunji Kawanishi will be director of OEM field sales for the Asia Pacific region.

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