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Hitachi Data Systems Acquires Network Storage Provider BluArc

(WEB HOST INDUSTRY REVIEW) -- Hitachi Data Systems (www.hds.com) announced on Wednesday it has acquired network storage provider BlueArc (www.bluearc.com) in an all cash transaction. The terms of the deal were not disclosed.

The acquisition builds on the companies' 5 year OEM partnership, providing customers a combination of Hitachi enterprise-class quality, reliability and support with highly scalable, high performance BlueArc network attached storage.

Wells Fargo Securities was the exclusive financial advisor to Hitachi Data Systems, while BofA Merrill Lynch acted as financial advisor and Credit Suisse as a co-advisor to BlueArc for this transaction.