Lenovo to acquire Infinidat

Lenovo has entered into a definitive agreement to acquire Infinidat Ltd. , an Israel-based  global provider of high-end enterprise storage solutions. The acquisition is part of Lenovo’s growth strategy. It aimed to strengthen Lenovo’s enterprise storage offerings globally that meet the evolving needs of modern data centers. The transaction is subject to customary regulatory approvals and other closing conditions. The terms of the transaction are not being disclosed.

“With the acquisition of Infinidat, we are well-positioned to accelerate innovation and deliver greater value for our customers,” said Greg Huff, Chief Technology Officer, Lenovo Infrastructure Solutions Group. “Infinidat’s expertise in high-performance, high-end data storage solutions broadens the scope of our products, and together, we will drive new opportunities for growth.” Phil Bullinger, Chief Executive Officer of Infinidat, said that the merger “will expand the value we provide to enterprise and service provider customers across on-premises and hybrid multi-cloud environments.”

Analysts estimate the deal will help Lenovo to compete with it major rivals, Hewlett Packard and Dell Technologies, and to move up from enterprise-level market into the cloud.  Infinidat provides enterprises and service providers with a platform-native primary and secondary storage architecture that delivers comprehensive data services needed for modern workloads across on-premises and hybrid multi-cloud environments. Infinidat’s Technology is based on 140 patents. sInce it was established in 2011, the company had raised approximately $370 millions. According to Infinidat, 25% of Fortune 50 companies are using its storage solutions.