Cache IQ Discreetly Acquired by NetApp

NetApp didn’t publish a press release on the subject. The announcement of the acquisition of Cache IQ, Inc. was revealed in the earning call of NetApp following the results for its second quarter of fiscal year 2013, which ended October 26, 2012.

Commenting the quarter, CEO and president Tom Georgens, said: "Well, I think you should think about Cache IQ as more of a technology tuck-in. We got a talented, proven engineering team, and we have some interesting technology that we want to integrate. So as we think about that technology going forward, it’s really more about the intellectual property and how it can be integrated to what we currently sell to really go after certain use cases that we currently have. So as far as a stand-alone product, our primary focus frankly is integration to our broader IP set. So I think – think about this is a technology tuck-in and a proven, talented engineering team."

NetApp didn’t disclose financial terms of the transaction.

Now Cache IQ’s web site is transger to NetApp.

Based in Austin, TX, Cache IQ was born in 2010 following its acquisition of Austin-based Storspeed Inc. and raised only $6 million.

Founder Joel Trammell formerly launched NetQoS, in network performance management software, acquired by CA for $200 million in 2009.

With 14 employees, the start-up offers caching for file-based storage.

Its RapidCache is a NAS acceleration appliance of DRAM and SSD that delivers performance to I/O-intensive applications while relieving overburdened storage networks. It identifies the active dataset by analyzing the network flow between clients and file servers. Once identified, the active dataset is served directly from its DRAM and SSDs, improving the performance of files in greatest demand. Configurations start at $60,000.

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