Cooley is advising SolidFire on its sale to NetApp for $870 million in cash. Subject to customary closing conditions, the transaction is anticipated to close in February of 2016.
"This acquisition will benefit current and future customers looking to gain the benefits of webscale cloud providers for their own data centers," said George Kurian, chief executive officer of NetApp. "SolidFire combines the performance and economics of all-flash storage with a webscale architecture that radically simplifies data center operations and enables rapid deployments of new applications."
SolidFire provides all-flash storage systems built for the next-generation data center where simple scaling, set-and-forget management, assured performance and multi-tenancy and cloud economic models are driving new market growth. NetApp creates software, systems, and services to manage and store data.
SolidFire CEO Dave Wright will lead the SolidFire product line within NetApp's product operations.