SOURCE: Nimble Storage

Nimble Storage

March 30, 2015 13:04 ET

Nimble Storage Announces Settlement Agreement With NetApp

SAN JOSE, CA--(Marketwired - Mar 30, 2015) - Nimble Storage (NYSE: NMBL), the flash storage solutions company, today announced that it has entered into a written settlement agreement with NetApp, Inc., effective March 16, 2015, that resolves all remaining claims in the parties' outstanding litigation matters.

Beginning in October 2013, NetApp initiated litigation against Nimble. The first was a lawsuit in U.S. District Court for the Northern District of California, alleging violations of the federal Computer Fraud and Abuse Act ("CFAA"), trade secret misappropriation, and unfair competition, among other claims. The second was a lawsuit filed in May 2014 in the Superior Court of California, County of Santa Clara alleging similar claims, including trade secret and breach of contract.

The terms of the settlement are confidential and are not material to Nimble's financial statements. Both cases were formally dismissed with prejudice by the U.S. District Court, Northern District of California and Santa Clara County Superior Court on March 23, 2015.

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About Nimble Storage
Nimble Storage (NYSE: NMBL) is redefining the storage market with its Adaptive Flash platform. Nimble's flash storage solutions enable the consolidation of all workloads and eliminate storage silos by providing enterprises with significant improvements in application performance and storage capacity. At the same time, Nimble delivers superior data protection, while simplifying business operations and lowering costs. At the core of the Adaptive Flash platform is the patented Cache Accelerated Sequential Layout (CASL) architecture and InfoSight, an automated cloud-based management and support system that maintains storage system peak health. More than 5,000 enterprises, governments, and service providers have deployed Nimble's flash storage solutions across 38 countries. For more information about Nimble Storage, visit www.nimblestorage.com and follow us on Twitter: @nimblestorage.

Nimble Storage, the Nimble Storage logo, CASL, InfoSight, SmartStack and NimbleConnect are trademarks or registered trademarks of Nimble Storage. Other trade names or words used in this document are the properties of their respective owners.

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