NetApp to Acquire Spot

NetApp to Acquire Spot

SUNNYVALE, CA—June 3, 2020NetApp® (NASDAQ: NTAP), theleader in cloud data services,today announcedit has entered into a definitive agreement to acquire Spot, a leader in compute management and cost optimization on the public clouds, to establish leadership in Application Driven Infrastructure. 

Digital transformation initiatives have accelerated and remain the top business priority, especially in today’s environment, and the public clouds offer the speed and flexibility neededto navigate this new normal as companies find to new ways to work, interact and do business.However,unoptimized clouds can be costly and slow down thebusiness transformationTo address this challengean Application Driven Infrastructure translates the applications workload patterns and drives the best possible level of performance and costfor storage and compute, all done while maintaining the contracted servicelevel agreement (SLA) and service-level objective (SLO)Together,NetApp and Spot’s Application Driven Infrastructurefor continuous optimization will help customers save up to 90 percent of their compute and storagcloud expenses, which typically make up 70 percent of total cloud spending, and will help accelerate public cloud adoption.

In today’s public clouds, speed is the new scale. However, waste in the public clouds driven by idle resources and overprovisioned resources is a significant and growing customer problem slowing down more public cloud adoption,” said Anthony Lye, senior vice president and general managerPublic Cloud Services,NetApp. The combination of NetApp’s leading shared storage platform for block, file and object and Spot’scompute platform will deliver a leading solution for 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 visibility and automation, that drive continuous optimization of workloads in a single platform while maintaining both SLA and SLO. This relieves DevOps, CloudOpsand 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.  

Spot was 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,”said AmiramShacharFounder and CEO, Spot“We look forward to joining the NetApp family and building together the future of Application Driven Infrastructure and helpingcustomers to deploy more workloads in the cloud.”

Together, NetApp and Spot will establish an Application Driven Infrastructure to enable customers to deploy more applications to public clouds faster withSpot’s “as-a-service” platform for the continuous optimization of both compute and storage for both traditional IT buyers with enterprise applicationscloudnative workloads and data lakes. 

The transaction is expected to close in the first half of NetApp’s fiscal year and is subject to the satisfaction of certain regulatory approvals and other customary closing conditions.

Additional Resources

About Spot

Spot, formerly Spotinst, is a leading provider of software that empowers CloudOps team 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, Spot continuously and automatically improves efficiency in real-time. Founded by AmiramShachar and LiranPolak in 2015, Spot currently 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 

NetApp Press Contact:

Amelia Vierra