Tuesday, August 7, 2007

Seattle's F5 Networks Buys Lowell-based Acopia Networks

Acopia Networks has cashed out. Though the company was touting itself last year as a potential IPO candidate, an offer of $210 million in cash was apparently impossible to resist. (About $85 million had been invested in the company by VCs, including Charles River Ventures and Accel Partners.) Let's be generous and call this a three-bagger for the VCs involved.

The company virtualizes file-storage systems, making them sub-dividable and accessible from anywhere, as long as they're attached to a network. From eWeek's coverage of the acquisition:

    Acopia, which has about 100 customers, provides appliances that can virtualize heterogeneous network-attached storage devices and file servers. "Anything that serves files using [Common Internet File System] or [Network File System protocols] can be virtualized using file virtualization technology. We do for file systems and file storage what VMware does for servers: We federate existing infrastructure and create a single pool of resources that can be carved up, shared and moved to make provisioning changes or move data without disrupting users during the day," said Kirby Wadsworth, senior vice president of marketing and business development at Acopia, in Lowell, Mass.

Here's Hiawatha's coverage in the Globe.

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