Related Posts

• Boston-Power Banks Big Bucks, Follica Sprouts From Stem-Cell Science, NetApp Nabs Onaro, & More
• EMC, Cubist, and Others Do Some Last-Minute Shopping, Dyax Readies for an Offering, Millennium Sees a Payday, and More
• Why EMC Bought Mozy, Part 2: The Consumer As Enterprise
• Why EMC Bought Mozy: A Leading Exec Provides More Insight
• Cisco Seeks a Seat at the VMware Table

deals, Storage, IT

Onaro to be Acquired by NetApp for a Reported $120 Million

Robert Buderi 1/4/08 11:43 am

Boston-based storage software provider Onaro, whose customer list includes Jet Blue Airways, State Street Global Advisors, and Wyeth Pharmaceuticals, will be acquired by California data management firm NetApp (NASDAQ:NTAP), the companies announced yesterday. Terms of the deal were not disclosed, but a report in TechCrunch, citing Israeli reports (Onaro’s roots are apparently in Israel), put the sales price at $120 million. Onaro’s VC investors include the Cedar Fund and Newbury Ventures, which invested just $10 million in Onaro, according to TechCrunch.

Permalink | Share |

Why is this story so short? Because it's a news brief from our News Xpress section, which brings you quick takes on the latest Boston-area biz/tech news as it unfolds throughout the day.

Where do I find more in-depth news and analysis about the business of technology in the Boston area? We've got plenty of that right on our home page and in our archives.

Who the heck are the Xconomists mentioned on your homepage? They're an elite group of movers and shakers in the local tech scene who've generously agreed to share their insights and opinions with Xconomy's readers. Here's a complete list of them; to read their posts, have a look here and here.

Come to think of it, what does "Xconomy" mean in the first place? Xconomy is a word we made up to evoke the exponential economy—the realm of business and innovation characterized by exponential technological growth and responsible for an increasing share of productivity and overall economic growth. (Not everybody likes the name, by the way. We're okay with that.) We're a small group of professional journalists dedicated to bringing you the most important news about New England's role in the exponential economy. More on our mission and team here.