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NetApp

#825

Rank

$23.78B

Marketcap

US United States

Country

NetApp
Leadership team

Mr. Cesar Cernuda Rego (Pres)

Mr. Michael J. Berry (Exec. VP & CFO)

Products/ Services
Cloud Computing, Data Storage, Information Technology
Number of Employees
1,000 - 20,000
Headquarters
Sunnyvale, California, United States
Established
1992
Company Registration
SEC CIK number: 0001002047
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
NTAP
Social Media
Overview
Location
Summary

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

History

 

NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm as Network Appliance, Inc. At the time, its major competitor was Auspex Systems. In 1994, NetApp received venture capital funding from Sequoia Capital. It had its initial public offering in 1995. NetApp thrived in the internet bubble years of the mid 1990s to 2001, during which the company grew to $1 billion in annual revenue. After the bubble burst, NetApp's revenues quickly declined to $800 million in its fiscal year 2002. Since then, the company's revenue has steadily climbed.

In 2006, NetApp sold the NetCache product line to Blue Coat Systems.In 2008, Network Appliance officially changed its legal name to NetApp, Inc., reflecting the nickname by which it was already well-known.On June 1, 2015, Tom Georgens stepped down as CEO and was replaced by George Kurian.In May 2018 NetApp announced its first End to End NVMe array called All Flash FAS A800 with release of ONTAP 9.4 software. NetApp claims over 1.3 million IOPS at 500 microseconds per high-availability pair.In January 2019 Dave Hitz announced retirement from NetApp.

Acquisitions

1997 - Internet Middleware acquired for $10.5 million. IMC's web proxy caching software became the NetCache product line .

2004 - Spinnaker Networks acquired for $300 million. Technologies from Spinnaker integrated into Data ONTAP GX and first released in 2006, later Data ONTAP GX become Clustered Data ONTAP

2005 - Alacritus acquired for $11 million. The tape virtualization technology Alacritus brought to NetApp was integrated into the NetApp NearStore Virtual Tape Library product line, introduced in 2006.

2005 - Decru: Storage security systems and key management.

2006 - Topio acquired for $160 million. Software that helped replicate, recover, and protect data over any distance regardless of the underlying server or storage infrastructure. This technology became known as ReplicatorX , and has since been abandoned.

2008 - Onaro acquired for $120 million. Storage service management software which helps customers manage storage more efficiently with guaranteed service levels for availability and performance. Onaro's SANscreen technology launched as such and probably later influencing NetApp OnCommand Insight.

2010 - Bycast acquired for $50 million. Technologies from Bycast gave birth to the StorageGRID object storage product.

2011 - Akorri acquired for $60 million, allowing for cross-domain analysis and advanced analytics across data center infrastructures.

2011 - Engenio acquired for $480 million. Engenio was the external storage systems business unit of the LSI Corporation. Launched as NetApp E-Series product line

2012 - Cache IQ: Development of NAS cache systems

2013 - IonGrid: A technology developer that allows iOS devices to access users and internal business applications through a secure connection

2014 - SteelStore: NetApp acquired Riverbed Technology's SteelStore line of data backup and protection products, which it later renamed as AltaVault and then to Cloud Backup

2015 - SolidFire: In December 2015 , NetApp acquired founded in 2009 flash storage vendor SolidFire for $870 million.

2017 - Plexistor: NetApp first announced the acquisition of a company and technology called Plexistor in May 2017. Technologies from Plexistor gave start for MAX Data product

2017 - Greenqloud was acquired with its Qstack product. Greenqloud was a private startup company that created cloud services, orchestration and management platform for hybrid cloud and multi-cloud environments.

2017 - Immersive Partner Solutions, a Littleton, Colorado-based developer of software to validate multiple converged infrastructures through their lifecycles

2018 - StackPointCloud: NetApp acquired StackPointCloud, a project for multi-cloud Kubernetes as-a-service and a contributor to the Kubernetes which started the Kubernetes Service product

2019 - Cognigo: Israeli AI-driven data compliance and security supplier

2020 - Talon: Cloud Data Storage company enabling data consolidation and security for enterprises.

2020 - CloudJumper: Cloud software in VDI and remote desktop services

2020 - Spot: handled compute management and cost optimization in the public clouds

2021 - CloudHawk.io: AWS Cloud Security Posture.

2021 - CloudCheckr: Cloud Optimization Platform.

2022 - Fylamynt: CloudOps automation technology company.

2022 - Instaclustr: open source database startup.

Mission

Our mission has always been to help our customers achieve what matters most to them.

Vision

At NetApp, we share a vision to be a model company. This vision drives us to deliver the best possible results for the communities we serve by living a set of core values. We believe that being a model company means winning in the marketplace with integrity and honor. A great culture is the foundation for success for us and for our customers and partners.

Key Team

Ms. Elizabeth M. O'Callahan (Exec. VP, Chief Legal Officer & Corp. Sec.)

Mr. Matthew K. Fawcett (Exec. VP & Chief Strategy Officer)

Mr. Harvinder S. Bhela (Exec. VP & Chief Product Officer)

Mr. Robert Parks (VP & Chief Accounting Officer)

Mr. William H. Miller Jr. (Sr. VP & Chief Information Officer)

Ms. Kris Newton (VP of Corp. Communications & Investor Relations)

Mr. James D. Whitemore (Exec. VP & Chief Marketing Officer)

References
NetApp
Leadership team

Mr. Cesar Cernuda Rego (Pres)

Mr. Michael J. Berry (Exec. VP & CFO)

Products/ Services
Cloud Computing, Data Storage, Information Technology
Number of Employees
1,000 - 20,000
Headquarters
Sunnyvale, California, United States
Established
1992
Company Registration
SEC CIK number: 0001002047
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
NTAP
Social Media