NetApp finalizes $870M acquisition of SolidFire

California data management firm NetApp announced this week that it has closed its $870 million acquisition of Boulder-based flash-storage provider SolidFire.

Forbes magazine reports that SolidFire “will remain a separate entity within the larger NetApp” and that it will keep its own branding for the foreseeable future.

NetApp had previously stated that SolidFire CEO and founder David Wright would continue to lead the SolidFire product line once the deal closed, which was originally slated to occur this spring.

SolidFire, based at 1600 Pearl St., employs 270 people in Boulder and has plans to move into 62,000 square feet of leased space in the Pearl West development in downtown Boulder once construction is complete.