TMCnet News
NetApp to acquire Cache IQNov 15, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- NetApp, Inc., a provider of storage and data management solutions, has agreed to acquire Cache IQ, Inc., a provider of intelligent caching solutions for file-based storage. Both the companies are based in the US. Cache IQ had 14 employees in 2011. Earlier, Cache IQ had secured Series A round of funding from 27 angel investors. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2012-11-14 Deal Participants Target (Company) Cache IQ, Inc. Acquirer (Company) NetApp, Inc. (formerly Network Appliance, Inc.) |