Combined companies to establish leadership in Application Driven Infrastructure, optimizing both public cloud compute and storage costs with its leading platforms
SUNNYVALE, CA—June 3, 2020—NetApp®(NASDAQ: NTAP),theleader in clouddataservices,today announcedit has entered into a definitive agreement to acquire Spot, a leader incompute management and cost optimization onthepublic clouds, toestablish leadership in Application Driven Infrastructure.
Digital transformation initiativeshave accelerated and remainthetopbusinesspriority, especially in today’s environment,and thepublicclouds offerthespeed and flexibility neededto navigatethis new normal as companiesfindtonew ways to work, interact and do business.However,unoptimizedcloudscanbe costlyand slow down thebusinesstransformation.Toaddress this challenge,anApplicationDriven Infrastructuretranslates the application’s workload patterns and drivesthe best possiblelevel of performanceand cost对于存储和计算,所有maintainin时完成g the contractedservice–level agreement (SLA)andservice-level objective (SLO).Together,NetApp and Spot’sApplicationDrivenInfrastructurefor continuous optimizationwillhelp customers save up to 90 percent of theircompute and storagecloudexpenses, which typically make up 70 percent of total cloud spending, and will helpacceleratepublic cloud adoption.
“In today’spublicclouds, speed is the new scale. However, waste in the public clouds driven by idle resources and overprovisioned resources is a significant andagrowing customer problemslowing down more public cloud adoption,” said安东尼碱液,高级副presidentand general manager,PublicCloud Services,NetApp.“The combination of NetApp’sleadingshared storage platformfor block, file and objectandSpot’scompute platformwill deliver aleading solutionfor the continuous optimization of cost for all workloads, both cloud native and legacy.Optimized customers are happy customers and happy customers deploy more to the public clouds.”
Spot provides a combination of tools for visibilityandautomation, that drive continuous optimization of workloads in a single platformwhile maintaining both SLA and SLO. Thisrelieves DevOps,CloudOps,and FinOps teams from the burden and complexity of managing, scaling, tuning and optimizing cloud resources so that they can focus on business innovation under acceptable budget controls.
“Spotwas founded with a vision to revolutionize the way companies consume cloud infrastructure services, using analytics and automation to deliver the most reliable, best performing and most cost-efficient infrastructure for every workload on every cloud,”saidAmiramShachar,FounderandCEO, Spot.“We look forward tojoining the NetApp family and building together the future of Application Driven Infrastructure and helpingcustomerstodeploymoreworkloads in the cloud.”
Together, NetApp and Spotwillestablish anApplicationDrivenInfrastructuretoenable customers to deploy more applications to public clouds faster withSpot’s“as-a-service” platform for the continuous optimization ofbothcompute and storage for both traditional IT buyers withenterpriseapplications,cloud–nativeworkloadsand data lakes.
The transaction is expected to closein the first half of NetApp’s fiscal yearand is subject to the satisfaction of certain regulatory approvals and other customary closing conditions.
Additional Resources
- Read more about Application Driven Infrastructure on theNetApp blog.
- SpotCEO,AmiramShachar, also shares his perspective on theSpotblog.
- Follow NetApp onTwitter,LinkedinandFacebook.
AboutSpot
Spot, formerlySpotinst, is a leading provider of software that empowersCloudOpsteam to get the most out of their cloud. Its product portfolio helps companies optimize and automate their cloud use to maximize the value and availability of their cloud infrastructure while minimizing waste. Through the use of actionable visibility and insight, Spotcontinuously and automatically improves efficiency in real-time. Founded byAmiramShacharandLiranPolakin 2015,Spotcurrently has over 180 staff across offices in San Francisco, New York, Washington DC, Tel Aviv and London.
About NetApp
NetApp is the leader in cloud data services, empowering global organizations to change their world with data. Together with our partners, we are the only ones who can help you build your unique data fabric. Simplify hybrid multicloud and securely deliver the right data, services and applications to the right people at the right time. Learn more at www.netapp.com.
NetAppPress Contact:
AmeliaVierra
NetApp
408.822.6403
NetAppInvestor Contact:
Lance Berger
NetApp
408.822.6628
Spot PressContact:
“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, the anticipated timing of the transaction,descriptions of NetApp’s future strategy and its impact on customers and partners. Actual results, including with respectto NetApp’s financialtargets and business prospects, could differ materially due to a number of factors, including but not limited to: the closing of the proposed transaction, including obtaining customary U.S. regulatory approval; the response to the acquisition by the customers, employees, and strategic and business partners of both companies; the ability to retainkey Spotand NetApp personnel;and NetApp’s abilityto 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 submittedreportson Form 10-Q and10-K.We disclaim any obligation to update information contained in this press release whether as a result of new information, future events, or otherwise.
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[This is a copy of the release published by NetApp, available athttps://www.netapp.com/us/company/news/press-releases/news-rel-20200603-954373.aspx]
