HP Completes Acquisition of StorageApps

Hewlett-Packard Company announced the completion of its acquisition of StorageApps Inc. in a stock-for-stock transaction. StorageApps is now a wholly owned subsidiary of HP.

HP's hopes to strengthen its storage portfolio with the addition of StorageApps virtualization technology, which allows customers to pool storage devices from different vendors, add storage capacity and move data among the devices independent of server operating systems or network infrastructure.

This technology accelerates HP's Federated Storage Area Management (FSAM) strategy, which is to enable customers to scale their storage by a factor of ten without additional people.

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