NetApp Acquires Spot

NetApp, Inc. entered into a definitive agreement to acquire Spot, in compute management and cost optimization on the public clouds, to establish leadership in Application Driven Infrastructure (ADI).

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 needed to 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 the business transformation. To address this challenge, an ADI translates the application’s workload patterns and drives the best possible level of performance and cost for storage and compute, all done while maintaining the contracted SLA and SLO.

Together, NetApp and Spot’s ADI for continuous optimization will help customers save up to 90% of their compute and storage cloud expenses, which typically make up 70% 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 a growing customer problem slowing down more public cloud adoption,” said Anthony Lye, SVP and GM, public cloud services, NetApp. “The combination of NetApp’s leading shared storage platform for block, file and object and Spot’s compute 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, CloudOps, and 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 Amiram Shachar, founder and CEO, Spot. “We look forward to joining the NetApp family and building together the future of Application Driven Infrastructure and helping customers to deploy more workloads in the cloud.”

The two companies will establish an ADI to enable customers to deploy more applications to public clouds faster with Spot’s “as-a-service” platform for the continuous optimization of both compute and storage for both traditional IT buyers with enterprise applications, cloud-native 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.

About Spot
The firm, formerly Spotinst, is a 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 Amiram Shachar and Liran Polak in 2015, Spot currently has over 180 staff across offices in San Francisco, CA, New York, Washington DC, Tel Aviv, Israel, and London, UK.

Resources:
• More about Application Driven Infrastructure on the NetApp blog
• Spot CEO, Amiram Shachar, shares perspective on the Spot blog.