Dot Hill boosts mid-range offerings with acquisition
Dot Hill boosts mid-range offerings with acquisition
Storage networking systems provider Dot Hill has enhanced its prospects in the mid-range storage market with the acquisition of Chaparral Network Storage, in a cash deal worth around US$62 million (AUD$80.3 million).
Chaparral specialises in high-performance, mid-range RAID controllers and data routers. Dot Hill views the acquisition as an opportunity to increase the amount of proprietary technology within its storage systems, broadening its product line and diversifying its customer base.
"Chaparral has an excellent reputation for providing world-class technologies to customers in data-rich environments such as entertainment, video and the enterprise," said Jim Lambert, Dot Hill's President and CEO. "One of Dot Hill's strategic goals is to increase the amount of proprietary intellectual property within our storage systems. We expect that this acquisition will enhance our technological edge and enable us to more fully control future product engineering, improve sales margins, increase our market share and better compete at the mid-range market level. The customers of both Dot Hill and Chaparral are also expected to benefit from the acquisition through the combined company's enhanced flexibility and responsiveness and faster time to market."
"Dot Hill has established itself as a leading storage player and is a natural fit for our technology," said Victor Perez, Chairman and CEO of Chaparral. "We are pleased to join the Dot Hill team, as they have a demonstrated record of success and a management philosophy that shares our corporate values and commitment to customers."
Related Article: