HP to absorb file-serving software co. Ibrix
Hewlett-Packard has announced its pending acquisition of Ibrix, a Billerica, Mass., company that helps companies like Pixar quickly access large amounts of stored data. While the financial terms of the deal have not been released, Ibrix had previously raised $49 million in capital from JT Venture Partners, Credit Suisse and others.
The company, which boasted 175 customers at the time of the deal (expected to close in the next 30 days), has offered its software on HP computers for the last three years.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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