NetApp Named One of the World’s Most Innovative Companies by Forbes Magazine

Only Major Storage Vendor to Make Inaugural List of Global Innovation Leaders

INDIA, New Delhi-July 22, 2011 - NetApp (NASDAQ: NTAP) today announced that it was ranked #34 out of 100 on Forbes magazine's "World's Most Innovative Companies" list for 2011. NetApp was recognized for building a culture of innovation that has transformed the foundation of its customers' business and been a catalyst to their success. Most importantly, NetApp® innovation provides its customers with the technology, products, people, and service that allow them to outpace, outinnovate, and outperform their competition to achieve remarkable results for their business.

"NetApp is honored to be identified as a global innovator-this is great recognition of the innovative spirit that is at the core of NetApp's DNA," said Tom Georgens, president and CEO of NetApp. "NetApp was built on a culture of innovation that has pushed the boundaries of what is possible. We are focused on innovating in all aspects of our business to create a clear competitive advantage. Forbes's recognition is the result of our employees' commitment to creating an environment where innovation thrives and hard work leads to better business outcomes for NetApp, our customers, and our partners."

Innovation Fueling NetApp's Growth and Success

NetApp's commitment to making its customers successful with breakthrough innovation has resulted in growth that only a select group of companies have achieved. NetApp has historically been recognized throughout the industry for continually pushing the limits of today's technology and being at the forefront of major market shifts by delivering product and technology innovation that has fueled its customers' success. This innovation has continued today as NetApp has delivered unprecedented efficiency and flexibility for customers to respond quickly to their rapidly changing business needs. This stream of new innovations, many of them around new technologies and around new markets, continues to fuel NetApp's growth.

NetApp is also currently ranked as a "Top 10" best place to work around the globe for 2011 by the Great Place to Work Institute, based on a unique corporate culture that values creativity, teamwork, open communication, leadership, adaptability, and trust. This culture drives NetApp's innovative technologies, products, and business strategies. By living these values, NetApp employees are empowered to develop new ideas every day and continue to make breakthroughs happen for its customers.

About the Forbes Most Innovative Companies List

The "World's Most Innovative Companies" list aims to identify which leading-edge corporations are most likely to succeed now and in the future based on an eight-year study by Harvard Business School professor and master of disruptive innovation Clayton M. Christensen, along with colleagues Jeff Dyer, a professor at Brigham Young University, and Hal B. Gregersen, a professor of leadership at INSEAD, and also found in their newly released book, The Innovator's DNA. The methodology relies on investors to identify the companies they expect to be innovative today and in the future.

Embedded in each of these companies is a code for innovation, discernible in their people, processes, and philosophies-what Forbes refers to as a "3P" framework for understanding the DNA of innovative organizations. What does the average company need to achieve in these areas to spark an innovation premium? It needs a fundamental change within senior managers (some mastery of the five discovery skills), changes in how their innovation project teams work (processes that support innovation), and changes in philosophies that foster the belief that innovation really is everyone's job.

The full list of winners and related stories will appear in the August 8 issue of Forbes and is available now online at www.forbes.com/special-features/innovative-companies.html.

Additional Resources

About NetApp
NetApp creates innovative storage and data management solutions that deliver outstanding cost efficiency and accelerate business breakthroughs. Discover our passion for helping companies around the world go further, faster at www.netapp.com.

Press Contact:
Shalini Kaul
Ph: +91-9873730044
Shalini.Kaul@netapp.com

Somit Biswas
Ph: +91-9873723210
somit.biswas@text100.co.in

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