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NetApp Acquires Data Mechanics to Accelerate Spot Roadmap and Optimize Data Analytics and Machine Learning Workloads in the Cloud

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NetApp (NASDAQ: NTAP) has acquired Data Mechanics, a managed platform for big data processing and cloud analytics based in Paris. This acquisition aims to enhance NetApp's ability to support clients in leveraging Apache Spark within Kubernetes, addressing the growing demands for cloud-native strategies amid increasing enterprise data. The integration will streamline operations and bolster NetApp's offerings, especially following their recent acquisition of Spot. Financial details of the transaction were not disclosed.

Positive
  • Enhances NetApp's ability to support Apache Spark and Kubernetes integration.
  • Continues NetApp's strategy of cloud-first solutions, following the acquisition of Spot.
  • Expected to streamline big data processing for clients, leading to potential cost savings and productivity gains.
Negative
  • Financial details of the acquisition remain undisclosed, leaving uncertainty about the transaction's impact.
  • Integration challenges could arise from merging Data Mechanics with Spot by NetApp.

NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced that it has acquired Data Mechanics, a managed platform provider for big data processing and cloud analytics with offices in Paris, France, that helps businesses capitalize on Apache Spark, an open-source unified analytics engine for large-scale data processing and machine learning, in Kubernetes. Financial details of the transaction were not disclosed.

At a time when on-premises and cloud enterprise data and application growth is exploding, use of analytics and machine learning to identify operating efficiencies, cost reductions, and automate manual processes so engineers can focus on more strategic tasks is a top priority – and a strategic imperative – for all enterprises.

“Now more than ever, our customers are adopting cloud-first and cloud native strategies that will enable them to be more agile and adaptable in the face of unprecedented data growth,” said Anthony Lye, senior vice president and general manager of NetApp's Public Cloud Services business unit. “Adding Data Mechanics to our existing solutions will make it simpler and more cost-effective for organizations across all industries to fully leverage Apache Spark and Kubernetes to advance their data and cloud initiatives.”

The Data Mechanics acquisition comes less than a year after NetApp acquired Spot (now Spot by NetApp), a leading CloudOps provider that automates and optimizes workloads running in public cloud environments. Data Mechanics’ team and IP will be integrated with the Spot by NetApp team and portfolio to accelerate the development of NetApp’s recently announced Spot Wave solution, which simplifies, optimizes and automates Spark workloads running in public clouds.

“Although there are significant benefits to moving analytics and application workloads to the cloud, managing analytics technologies and cloud infrastructure can be resource and time intensive, impeding employee productivity and return on investment,” said Amiram Shachar, vice president and general manager of Spot by NetApp. “We’re excited to welcome Data Mechanics to Spot by NetApp as we further enable organizations to put their data to work and get even more value from their cloud infrastructure investments.”

Additional Resources

About NetApp

NetApp is a global, cloud-led, data-centric software company that empowers organizations to lead with data in the age of accelerated digital transformation. The company provides systems, software and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises. With solutions that perform across diverse environments, NetApp helps organizations build their own data fabric and securely deliver the right data, services and applications to the right people—anytime, anywhere. Learn more at www.netapp.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc.

"Safe Harbor" Statement Under U.S. Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the expected benefits of the transaction, descriptions of NetApp's future strategy and its impact on customers. Actual results, including with respect to NetApp's business prospects, could differ materially due to a number of factors, including but not limited to: NetApp’s ability to successfully integrate the acquired personnel and assets, the response to the acquisition by the customers, employees, and 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. These and other equally important factors are described in reports and documents we file from time to time with the Securities and Exchange Commission, including the factors described under the section titled "Risk Factors" in our most recently filed reports on Form 10-Q and 10-K. We disclaim any obligation to update information contained in this press release whether as a result of new information, future events, or otherwise.

FAQ

What is the purpose of NetApp's acquisition of Data Mechanics?

The acquisition aims to enhance NetApp's cloud analytics capabilities, specifically in utilizing Apache Spark within Kubernetes for improved big data processing.

When did NetApp announce the acquisition of Data Mechanics?

NetApp announced the acquisition on June 22, 2021.

What are the expected benefits of the Data Mechanics acquisition for NTAP?

The acquisition is expected to streamline operations, increase efficiency in data processing, and support customers in their cloud-first strategies.

How does the acquisition of Data Mechanics fit into NetApp's broader strategy?

This acquisition supports NetApp's strategic direction towards enhancing cloud-native solutions, building on their earlier acquisition of Spot.

What financial impact has the acquisition of Data Mechanics had on NetApp's stock?

Financial details were not disclosed, and the immediate impact on NTAP's stock remains unclear without specific metrics.

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