Lenovo has announced it is acquiring Israeli enterprise storage company Infinidat.
No information about the financial terms of the deal has been disclosed, and the transaction is subject to customary regulatory approvals and other closing conditions.
In a statement, Lenovo said the acquisition formed part of the company’s growth strategy, further strengthening its enterprise storage offerings globally and boosting its position in the entry and mid-range enterprise storage market.
“Lenovo offers a comprehensive range of storage solutions designed with a customer-centric, data-first approach to meet diverse enterprise needs,” said Greg Huff, CTO, Lenovo infrastructure solutions group. “With the acquisition of Infinidat, we are excited and well-positioned to accelerate innovation and deliver greater value for our customers.”
He added: “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.”
Founded in 2011, Infinidat specializes in data storage, data protection, business continuity, and sovereign cloud storage solutions. Headquartered in Herzliya, Israel, and Waltham, Massachusetts, the company has raised $370 million in funding to date, with its last raise taking place in 2020.