The way the west was lost; HP takes out Lefthand

Acquisitions are difficult.  Will HP throw Lefthand  on the dead guy cart?

or will they get a reprieve?

Lefthand's investors probably figured they needed to get their money out while they could. Considering the investment market uncertainty today, they probably didn't want to go another round.

I always hate to see startups go away.  They create a lot of interest in the industry and stir the pot in ways that the larger companies usually can't.  Lefthand hasn't been much of a competitor for 3PAR, but people that have followed my blogs know that I've had my scraps with Lefthand in the past and I have to say that I will miss them. 

Comments

[John Spiers]

Mark,

Thanks for the love. It wasn't an EqualLogic bonanza, but it's the clearly the best company in the industry to be acquired by. The whole industry should be watching their back now.

Cheers,

John

[John Spiers]

Mark,

BTW, If you consider that the valuartion of public storage companies have dropped an average of 65% since Dell's acquisition of EqualLogic (for example, 3PAR has dropped form $16 to $6 – ouch!), then LeftHand was actually acquired for a higher relative market revenue multiple than EqualLogic.

John