NetApp Announces Intent to Acquire Instaclustr, a Leading Platform for Deploying and Managing Open Source Data and Workflow Applications as a Service

The acquisition will provide storage, computing and data management, management and optimization capabilities, as well as fully managed application services to provide customers with a platform for applications from the data center to the public cloud.

NetApp® (NASDAQ: NTAP), a global data-driven cloud computing software company, announced today that it has signed a final agreement to acquire Instaclustr, a leading provider of fully open source database platforms. applications provided as a service. This acquisition is subject to normal closing conditions.

Modern cloud applications rely on a growing suite of core services, including a wide range of open source databases, data flows, and workflow solutions. Effectively managing the increasing complexity and operational needs of these applications and services poses new challenges to the overstretched infrastructure, databases, and operations teams, which typically increases costs.

“NetApp has long been a leader in solutions that allow customers to run applications,” said George Kurian, CEO of NetApp. “Acquisition of Instaclustr will consolidate NetApp’s leadership in persistent storage and IT optimization with Instaclustr’s fully managed databases and data pipeline services to provide customers with a cloud-based platform that provides the best, most optimized foundation for their public applications. in the clouds and in place. . »

The acquisition of Instagram is based on several strategic acquisitions of NetApp to create a platform for premium cloud operations. NetApp’s strategic acquisitions, including Spot, CloudCheckr, Data Mechanics, Fylamynt and now Instaclustr, have made Spot by NetApp an attractive platform for cloud-based or multi-cloud applications for continuous optimization, automation, monitoring and security, combined with the company’s experience in deploying and running open source applications, are all provided as a service in public and private clouds to enable customers to reap more benefits from the cloud, saving time and money.

“Data management technology platforms are becoming an increasingly important priority for today’s businesses as they look for new ways to accelerate application development and take advantage of competitive advantage. “Instaclustr provides fully managed open source solutions that give businesses greater productivity and lower costs,” said Peter Lilley, CEO and co-founder of Instaclustr. “Instaclustr’s growth is driven by companies that want to take advantage of open source databases, pipelines and workflow applications without the complexity and cost of managing and operating them. We are excited that organizations developing applications for their multi-cloud and hybrid cloud worlds can benefit directly from Instaclustr data PaaS solutions, as well as NetApp and Spot by NetApp infrastructure solutions, while reducing operational load. »

“As companies strive to modernize and digitally transform in the cloud, they need to apply solutions that focus more on building and delivering rapid benefits while reducing infrastructure management and operating costs,” said Anthony Lye, executive vice president and general manager. public cloud services NetApp. “This is exactly what Instaclustr is doing, and the company will be an important addition to our Spot by NetApp portfolio, addressing some of the common issues of cloud complexity, cost overruns, single-vendor dependency, and lack of internal technical resources. customer share. The acquisition marks a significant step forward in implementing our strategy to use application-based platforms and infrastructure. »

“In terms of technology and products, NetApp’s powerful infrastructure solutions go hand in hand with Instaclustr’s data as a service and service-level solution,” said Ben Bromhead, chief technology officer and co-founder of Instagram. “For enterprise customers using applications in the public cloud and on-premises, the combined NetApp and Instaclustr platform will provide an unparalleled solution to overcome the complexity of the cloud while eliminating vendor-related risks and the high cost of creating and maintaining the same in-house experience. »

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About NetApp

NetApp is a data-driven global cloud-based software company that enables companies to win data in the age of accelerated digital transformation. The company provides cloud-based systems, software and services that enable businesses to optimally run applications from the data center to the cloud, whether they are building in the cloud, moving to the cloud, or building their own local cloud-like experiences. . With solutions that work across a variety of environments, NetApp helps businesses build their data architecture and securely deliver the data, applications, and services they need, anytime, anywhere. To learn more, visit www.netapp.com or follow us Twitter, LinkedIn, Facebook and Instagram.

NETAPP, the NETAPP logo and the marks listed on it www.netapp.com/TM are registered with NetApp, Inc. brands.

Safe Harbor Statement under the 1995 U.S. Private Securities Litigation Reform Act

This press release contains forward-looking statements as defined in the 1995 Private Securities Litigation Reform Act. Such statements include, but are not limited to, statements about the expected benefits of the transaction, descriptions of NetApp’s future strategy, and its impact. about customers and partners. Actual results, including NetApp’s business prospects, may differ materially due to a number of factors, including but not limited to: NetApp’s ability to successfully engage personnel and acquired assets, the reaction of customers, employees and partners to the acquisition; the actual benefits of the transaction to customers and partners; ability to retain key employees; and NetApp’s ability to achieve its strategic and operational goals in general. These and other equally important factors are described in the reports and documents that we submit to the Securities and Exchange Commission from time to time, including the factors described in the “Risk Factors” section of our most recent reports on Form 10-Q. 10-K. We do not undertake to update the information contained in this press release due to new information, future events or other reasons.

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