Onaro to be Acquired by NetApp for a Reported $120 Million
Robert Buderi1/4/08
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.
Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926, or follow him on Twitter at http://twitter.com/bbuderi.
