HP Acquires LeftHand Networks Targeting Mid-Sized Companies

HP (HPQ) on Wednesday said it will acquire storage company LeftHand Networks for $360 million. LeftHand provides storage area network systems and virtualization for midmarket companies.

With the purchase, HP becomes the latest large technology vendor to aim for midsized companies. LeftHand’s products allow midsized companies to manage remote and branch offices.

In a statement, HP said the deal is expected to close in its first fiscal quarter. After closing, the Boulder, Colo.-based LeftHand will be lumped into HP’s StorageWorks unit.

LeftHand was founded in 1999, has 215 employees and a 500 resellers in its distribution network.