Hitachi (HIT) is acquiring networked storage vendor BlueArc for an undisclosed sum. BlueArc,...

|About: Hitachi Ltd. ADR (HTHIY)|By:, SA News Editor

Hitachi (HIT) is acquiring networked storage vendor BlueArc for an undisclosed sum. BlueArc, which had re-filed for an IPO in June, sells high-performance systems frequently used in "big data" applications. The deal could help Hitachi offset a fraying OEM partnership with H-P (HPQ), and might increase competitive pressures for NetApp (NTAP).