TMCNet:  NetApp to acquire Cache IQ

[November 15, 2012]

NetApp to acquire Cache IQ

Nov 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.)

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