Azini Capital is pleased to announce that portfolio company BlueArc Corporation has been acquired by Hitachi Data Systems Corporation (HDS), a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT).
A number of sources have reported that Hitachi paid an estimated $600 million in cash to acquire the company.
Headquartered in San José, California, BlueArc develops and sells clustered network attached storage (NAS) for storing and managing digital content and unstructured (file-based) data. Hitachi had been working with and reselling the company’s products for a number of years.
Azini Capital acquired a minority interest in BlueArc from Apax Partners in October 2010 as a part of a broader portfolio of companies.
BlueArc is Azini Capital’s fifth significant portfolio company sale in the past 14 months.
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BlueArc develops and sells clustered NAS systems for storing and managing digital content and unstructured (file-based) data. The company’s products use a scalable file system that allows for multiple storage appliances (nodes) to be managed as a single pool. As customer capacity requirements grow, new storage nodes can be added and legacy storage systems can be incorporated into the BlueArc namespace for better utilization of assets. BlueArc’s products are important for high-end file repositories, such as media and entertainment, genomics, Web 2.0, eDiscovery and oil and gas exploration. BlueArc has been increasingly positioning its branded products toward mainstream enterprise virtualization environments.
About Hitachi Data Systems
Hitachi Data Systems provides best-in-class information technologies, services and solutions that deliver compelling customer ROI, unmatched return on assets (ROA) and demonstrable business impact. With a vision that IT must be virtualized, automated, cloud-ready and sustainable, Hitachi Data Systems offers solutions that improve IT costs and agility. With more than 4,900 employees worldwide, Hitachi Data Systems does business in more than 100 countries and regions. Hitachi Data Systems products, services and solutions are trusted by the world’s leading enterprises, including more than 70% of the Fortune 100 and more than 80% of the Fortune Global 100. Hitachi Data Systems believes that data drives our world – and information is the new currency.
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BlueArc Titan & NetApp FAS cluster photo by ChrisDag