For nearly 30 years, we have been the primary storage platform for databases on premises. With Azure NetApp Files, AWS FSx for NetApp ONTAP and CVS for Google Cloud, we are the primary storage for databases in the public clouds. The acquisition of Instaclustr is a strategic next step for NetApp; to do more for the customer, simplify the experience, continuously optimize, and secure the platform so customers don't have to it themselves!
This acquisition demonstrates our commitment to application driven digital transformations. We've made a series of strategic acquisitions including Spot, CloudCheckr and Fylamynt to deliver FinOps. And with Cloud Hawk, Cloud Secure and CloudCheckr, we now deliver SecOps. We deliver solutions for our customers' most pressing cloud needs-scale, performance, speed, efficiency, security and cost. This move gives our customers more cloud at less cost! It shows our leadership, our vision of Spot as the most comprehensive platform for CloudOps.
During the past five years, we have moved from being a leader in on-premises storage to becoming a leader in cloud storage with added data services. With Spot, we bridged from a storage company to a Cloud Operations platform combining storage with compute. We have since moved up from our foundations to platform solutions with Spot PC for Desktop as a Service and Spot Ocean for Apache Spark as a service. We went nearly zero 5 years ago to $469M in ARR (Q3 FY22) with a new commitment to $2B of ARR ending FY26.
With Instaclustr, we can provide a platform to run, optimize and secure multiple open-source databases, data pipelines and workflows. We will offer an open and extensible platform as a service, empowering application teams to build and deploy innovations at speed. We're in the optimization business now more than ever and our customers have everything to gain. NetApp and Instaclustr will deliver our platform as a service for both public clouds and private clouds.
And this is just the beginning. I want to say, "You haven't seen anything yet." But you have. You've seen us evolve rapidly from a trusted on-premises storage company to a cloud-led, data-centric software company and now an open platform as a service company, powered by the best infrastructure services!
*The Instaclustr acquisition is subject to customary closing conditions and is expected to close in the first quarter of fiscal 2023
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NetApp Inc. published this content on 07 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2022 09:48:03 UTC.
NetApp, Inc. specializes in the design, manufacturing and marketing of equipment for managing and storing network data. Net sales break down by family of products and services as follows:
- product sales (52%): file, cache and storage servers, data management, content distribution and information synthesis softwares;
- support services (37.1%): consulting, maintenance, technical assistance and training services;
- cloud services (6.3%): cloud storage and data management services;
- professional services (4.6%).
Net sales are distributed geographically as follows: Americas (54.8%), Europe/Middle East/Africa (31.3%) and Asia/Pacific (13.9%).
NETAPP, INC. 
