NetApp to buy LSI's Engenio video and data storage business

Company eyes Engenio as opportunity to exploit video

Storage and data management company NetApp announced Wednesday it has agreed to buy Engenio, a video and data warehouse storage business of the LSI Corporation, in a $480 million cash deal, CRN reports.

Tom Georgens, NetApp president and CEO, views the deal as an opportunity to exploit video. “When there’s a problem and no vendor has a solution, that means there’s an opportunity,” Georgens told CRN in a conference call.

Engenio will operate as a NetApp business unit instead of a stand-alone entity.


 

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