Startups

NetApp acquires Israel-based cloud cost optimization startup Spot to expand its offering with application driven infrastructure | Tech News


NetApp, one of the leading tech companies in cloud data services, announced that it is acquiring Spot for public cloud cost optimization and compute management tools. The deal is expected to close in the first half of NetApp’s fiscal year. The financial terms of deal were not disclosed.

Founded in 2015 by Amiram Shachar, the Tel-Aviv, Israel-based Spot optimizes Public Cloud deployments with SLA-backed availability, fully automated infrastructure management and 90% cost reduction. Spot actively optimizes AWS, Azure and Google Cloud deployments with SLA-backed availability, fully automated infrastructure management and up to 90% cost reduction.

Spot is NetApp’s third recent acquisition. The other deals involve CloudJumper for desktop as a service (DaaS) and Talon for software-defined storage solutions. This is a strategic acquisition for NetApp in that it aligns with its push beyond traditional on-premises storage toward public cloud and hybrid IT data management.

In a press release, Anthony Lye, senior VP and GM, public cloud services, NetApp, said:

“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. 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.”

Added Spot CEO and Founder Amiram Shacha:

“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. 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.”

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.”

Together, NetApp and Spot will establish an Application Driven Infrastructure 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.




Source link

Leave a Reply