SUNNYVALE, Calif —May 14, 2010— NetApp (NASDAQ: NTAP) today announced that it has completed the acquisition of Bycast Inc., a privately held company headquartered in Vancouver, British Columbia, Canada, under terms of the definitive agreement announced on April 7, 2010.
Bycast extends NetApp’s leadership position in unified storage by adding an object-based storage offering to manage petabyte-scale, globally distributed repositories of images, video, and records for enterprises and service providers. Bycast also expands NetApp’s position in key markets such as healthcare, digital media, Web 2.0, and cloud services providers.
Bycast’s former headquarters is now the NetApp Vancouver Technology Center, responsible for existing Bycast products and future product development.
Additional details can be found in our press release announcing the acquisition news company on April 7, 2010.
About NetAppNetApp creates innovative storage and data management solutions that accelerate business breakthroughs and deliver outstanding cost efficiency. Discover our passion for helping companies around the world go further, faster at
www.netapp.com.
Forward Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include the anticipated benefits to be obtained from NetApp's acquisition of Bycast, including Bycast's product capabilities and compatibility. These forward-looking statements involve risks and uncertainties, and actual results could vary. Factors that could impact our ability to achieve our goals include our ability to successfully integrate Bycast's operations and products with our own; the future success of both companies' product lines; general economic and industry conditions, including expenditure trends for storage-related products; our ability to deliver new product architectures and products that meet market acceptance; our ability to design products that compete effectively from a price and performance perspective; and other important factors as described in NetApp reports and documents filed from time to time with the Securities and Exchange Commission.
NetApp, the NetApp logo, and Go further, faster are trademarks or registered trademarks of NetApp, Inc. in the U.S. and other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.
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