NetApp Closes Acquisition of Instaclustr

Rhea-AI Summary

NetApp has completed its acquisition of Instaclustr, a provider of fully managed open-source database applications. This move enhances NetApp's Cloud Operations (CloudOps) offerings, aligning with its strategic acquisitions aimed at optimizing cloud-native applications. The integration of Instaclustr's services aims to improve cloud application development and operational efficiency, leveraging NetApp's superior data storage and CloudOps capabilities. This acquisition underscores NetApp's commitment to expanding its portfolio and providing comprehensive cloud solutions for customers.

Positive

• Enhancement of CloudOps offerings through the acquisition of Instaclustr.
• Integration expected to improve cloud application development speed and cost-efficiency.
• Strengthening of strategic acquisitions with a focus on multi-cloud and hybrid cloud solutions.

Negative

• Potential challenges in integrating Instaclustr's personnel and assets.
• Customer response to acquisition remains uncertain, which could impact benefits realization.

SAN JOSE, Calif.--(BUSINESS WIRE)-- NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced it has completed its acquisition of Instaclustr, a leading platform provider of fully managed open-source database, pipeline and workflow applications delivered as a service.

The acquisition of Instaclustr builds on a series of strategic acquisitions made by NetApp to deliver a comprehensive suite of offerings for Cloud Operations (CloudOps). Cloud Operations (CloudOps) is the set of activities, tools and processes that keep cloud native applications and underlying infrastructure operating optimally. NetApp’s CloudOps offerings complement its industry-leading multi-cloud storage infrastructure and data services and enable application owners to solve a wide range of their cloud application challenges from a single provider.

“NetApp delivers one of the industry's most compelling portfolios for hybrid cloud and multi-cloud. Instaclustr’s portfolio of cloud data application services are being rapidly adopted to build modern cloud applications. Instaclustr services will now leverage the unmatched data resiliency and protection capabilities of our cloud storage offerings, the continuous cloud infrastructure optimization capabilities of the Spot portfolio, and the granular, service-level observability of Cloud Insights,” said George Kurian, CEO at NetApp. “Together these capabilities will enable customers to build, deploy and operate cloud applications much more quickly, easily and cost effectively.”

NetApp’s strategic acquisitions, including Spot, CloudCheckr, Data Mechanics, Fylamynt and now Instaclustr, have made Spot by NetApp a compelling platform for applications on one cloud and across multiple clouds--continuous optimization, automation, monitoring, and security combined with expertise deploying and operating open-source applications, all delivered as a service, on public and private clouds to give customers more cloud with less cost and complexity.

Additional Resources

• Read the blog: https://www.netapp.com/blog/instaclustr-acquisition-paves-netapp-paas
• Learn more about Instaclustr: https://www.instaclustr.com/

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. Other company and product names may be trademarks of their respective owners.

"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 principal 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005251/en/

Media Contacts:

Chris Drago

chris.drago@netapp.com

Kenya Hayes

kenya.hayes@netapp.com

Investor Contact:

Lance Berger

lance.berger@netapp.com

Source: NetApp

FAQ

What is the significance of NetApp's acquisition of Instaclustr?

The acquisition strengthens NetApp's Cloud Operations offerings and supports the development of cloud-native applications.

How does the acquisition of Instaclustr impact NetApp's stock symbol NTAP?

The acquisition aims to enhance NetApp's service portfolio, which could influence investor sentiment and NTAP's stock performance.

What are the expected benefits of the Instaclustr acquisition for customers?

Customers are expected to benefit from improved application development speed, efficiency, and integrated cloud solutions.

When was the acquisition of Instaclustr completed by NetApp?

NetApp completed the acquisition of Instaclustr as announced in the press release on May 24, 2022.