Hitachi Data Systems Corporation (HDS), a wholly owned subsidiary of Hitachi, has acquired BlueArc Corporation, a provider of scalable, high performance network storage solutions.
Building upon a successful 5 year OEM partnership, Hitachi Data Systems and BlueArc will give customers the combination of Hitachi quality, reliability and support with innovative, highly scalable, high performance BlueArc network attached storage (NAS).
Hitachi Data Systems completed the acquisition of all outstanding shares of BlueArc in an all-cash transaction.
Wells Fargo Securities was the exclusive financial advisor to Hitachi Data Systems.
BofA Merrill Lynch acted as financial advisor and Credit Suisse as a co-advisor to BlueArc for this transaction.
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