NetApp Closing Acquisition of Spot

NetApp, Inc. completed its acquisition of Spot, in compute management and cost optimization in the public clouds.

Spot by NetApp delivers application-driven infrastructures (ADIs), cloud infrastructures that use analytics and ML to continuously adapt to the needs of applications, to help drive cloud resource optimization in real time, for both compute and storage.

ADIs automatically deliver the availability, performance, and capacity that applications need at the lowest cost, accelerating the deployment and innovation of applications. They help application teams shorten development lifecycles and run more applications in their choice of cloud. Customers can save up to 90% of their compute and storage infrastructure expenses, which typically make up 70% of total cloud spending, while maintaining SLAs and SLOs.

“Together, we are extending NetApp’s vision for helping customers unlock the best of cloud,” said Anthony Lye, SVP and GM of NetApp’s public cloud services business unit. “With Spot by NetApp, we will enable customers to get more out of their cloud investment to gain competitive advantage and accelerate their business success.”

“Cloud infrastructure gives application developers the ability to develop and deploy applications faster by providing resources almost instantly at any time,” said Amiram Shachar, CEO and co-founder, Spot. “We are excited to join NetApp in pursuit of the shared vision to help application owners embrace and take advantage of the full power of the cloud.”

Spot by NetApp offers a portfolio of compute and storage services that monitor and analyze the needs of applications and automatically optimize cloud resources to meet those needs.

Customers will be able to:

• Make reliable and greater use of cloud excess compute capacity (aka spot instances and save up to 90% of compute and storage costs, which typically make up 70% of cloud spend.
• Use compression, de-dupe and tiering technology to provide costs saving, up to 60% less than standard cloud storage
• Provide value out of customers’ cloud reserved capacity
• Integrated, actionable approach to managing cloud spend
• Continuously monitor, analyze and predict applications’ resource needs.
• Proactively optimize cloud infrastructure to meet business and application demands.
• Automatically scale and adapt to deliver optimized capacity and performance.

Resource:
More on Spot by NetApp

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June 4, 2020 | Press Release