202013 Jul
NetApp Closes Acquisition of Spot
Type
Acquisitions
Companies
Source
Businesswire
Summary

Customers can save up to 90% of their compute and storage infrastructure expenses, which typically make up 70% of total cloud spending, while maintaining SLAs and SLOs. “With Spot by NetApp, we will enable customers to get more out of their cloud investment to gain competitive advantage and accelerate their business success.” “Cloud infrastructure gives application developers the ability to develop and deploy applications faster by providing resources almost instantly at any time,” said Amiram Shachar, CEO and cofounder of Spot. “We are excited to join NetApp in pursuit of the shared vision to help application owners embrace and take advantage of the full power of the cloud.” Spot by NetApp offers a portfolio of compute and storage services that monitor and analyze the needs of applications and automatically optimize cloud resources to meet those needs. Simplify hybrid multicloud and securely deliver the right data, services, and applications to the right people at the right time. Actual results, including with respect to NetApp’s financial targets and business prospects, could differ materially due to a number of factors, including but not limited to: the response to the acquisition by the customers, employees, and strategic and business partners; actual benefits of the transaction to customers and partners; the ability to retain key personnel; and NetApp’s ability to realize its broader strategic and operating objectives.

Classifications
  • ERP & Process Management
  • ERP
  • Virtualization & Network Resources
  • Networking
  • Web and Content Management