NetApp acquires two companies to boost cloud storage

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NetApp acquires two companies to boost cloud storage

Category : NetApp

NetApp has unveiled two acquisitions it expects to help grow its already-growing converged infrastructure and cloud storage business.

The first acquisition is Immersive Partner Solutions, a developer of software to validate multiple converged infrastructures through their lifecycles.

The second is PlexiStor, provider of software that turns off-the-shelf servers into high-performance converged infrastructure offerings with persistent memory technologies.

The acquisitions were unveiled by NetApp chief executive George Kurian during the company’s fiscal fourth quarter 2017 financial analyst call.

Kurian said his company’s all-flash FlexPod converged infrastructure sales in conjunction with partner Cisco, combined with the company’s channel momentum, helped to strengthen its No. 2 position in the converged infrastructure market with a 44 percent year-over-year growth of FlexPod revenue, as reported by IDC for the fourth calendar quarter.

“We also recently acquired Immersive Partner Solutions, a cloud-based converged infrastructure monitoring, and compliance company,” Kurian said.

“We will integrate this intellectual property into our FlexPod solutions to help customers further simplify and automate lifecycle management and enhance our leadership in the converged infrastructure market.”

NetApp is also leading the industry in the transition to flash with cloud-integrated solutions, Kurian said. The company’s fourth-quarter all-flash array business grew nearly 140 percent year-over-year to an annualized run rate of US$1.7 billion, he said.

“We have entered into an agreement to acquire PlexiStor, a company with technology and expertise in ultra-low latency persistent memory,” he said. “This differentiated intellectual property will help us further accelerate our leadership position and capture new application types and emerging workloads.”

No details were provided about the timing or the terms of either acquisition. Neither acquisition was announced before Kurian’s comments.


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