Lenovo Group announced that its subsidiary entered into a definitive agreement to purchase Infinidat, which provides enterprise storage solutions. The transaction is part of Lenovo’s growth strategy of bringing differentiated technology solutions to market. The move should strengthen Lenovo’s enterprise storage offerings, worldwide, and underscores a commitment to delivering storage solutions that meet evolving data center need.
Infinidat offers storage solutions and R&D capabilities that will allow Lenovo to create strategic synergy with its infrastructure solutions business and enterprise storage capabilities. This includes:
- Access to enterprise storage products and innovation, providing high-performance, mission-critical enterprise storage solutions for scalable, cyber-resilient data management, plus a track record of in-house software R&D capabilities that complement Lenovo innovation, R&D and heritage.
- Expanded storage solutions portfolio to cover high-end enterprise storage. This builds on Lenovo’s existing position in the entry and mid-range enterprise storage market, including a portfolio of flash and hybrid arrays, HCI, SDS and TruScale data-management solutions.
- Opportunity to drive sustainable profitable growth for the storage business. Infinidat, combined with Lenovo’s existing global infrastructure business, access to and relationships with customers and global supply chain scale and capabilities, will create new opportunities for high-end enterprise storage products and unlock new revenue opportunities for the Group’s storage business.
“Lenovo offers a comprehensive range of storage solutions designed with a customer-centric, data-first approach to meet diverse enterprise needs,” said Lenovo infrastructure solutions group CTO, Greg Huff. “With the acquisition of Infinidat, we are excited and well-positioned to accelerate innovation and deliver greater value for our customers. Infinidat’s expertise in high-performance, high-end data storage solutions broadens the scope of our products, and together, we will drive new opportunities for growth.”
“Infinidat delivers award-winning high-end enterprise storage solutions providing an exceptional customer experience and guaranteed SLAs with unmatched performance, availability, cyber resilience and recovery and petabyte-scale economics,” said Phil Bullinger, Infinidat’s CEO. “With Lenovo’s extensive global capabilities, we look forward to expanding the comprehensive value we provide to enterprise and service provider customers across on-premises and hybrid multi-cloud environments.”
The transaction is subject to customary regulatory approvals and other closing conditions. The terms of the transaction were not disclosed.
