NetApp Completes Acquisition of Akorri Networks, Inc.
SUNNYVALE, Calif.-February 1,
2011-NetApp (NASDAQ: NTAP) today announced that it has
completed the acquisition of Akorri Networks, Inc., a privately
held company headquartered in Littleton, Massachusetts. Under terms
of the definitive agreement, NetApp acquired Akorri in an all-cash
transaction for approximately $60 million.
- Akorri has gained significant market momentum, growing its
customer base by more than 100% in 2010 by serving the needs of
enterprises adopting and expanding their use of server
- Gartner, Inc. positioned Akorri in the Visionaries quadrant and
NetApp in the Leaders quadrant for Storage Resource Management and
SAN Management Software. The combination of Akorri and NetApp is expected
to provide customers the industry's leading capabilities for
storage management and analytics.
- Akorri extends the NetApp® OnCommand® management
software suite with performance capacity analytics and optimization
for greater visibility across the entire IT stack, including
applications, servers, networks, and storage.
- Akorri's flagship software, BalancePoint, helps customers
identify performance bottlenecks; improve storage capacity
planning; and free up the time, people, and budget resources needed
to run virtual environments.
- BalancePoint complements NetApp SANscreen® to help
customers further improve IT efficiency and flexibility through
functions that help control, automate, and analyze their
virtualized, shared IT infrastructures.
- NetApp provides the most comprehensive storage software
management tools for customers to automate and analyze shared IT
infrastructures, reduce the risks and costs of deploying
virtualization, efficiently deliver on service levels, and respond
to rapidly changing business needs.
BalancePoint is available immediately through existing Akorri
channel partners. Customer pricing is available from those
partners. For a complete list of Akorri reseller partners, visit
BalancePoint will also be available through all NetApp channel
partners during NetApp's first fiscal quarter of 2012.
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/nl.
NetApp, the NetApp logo, Go further, faster, OnCommand, and
SANscreen are trademarks or registered trademarks of NetApp, Inc.
in the United States and/or other countries. All other brands or
logos are trademarks of their respective owners and should be
treated as such.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements include the anticipated benefits to be obtained
from NetApp's acquisition of Akorri, including Akorri product
capabilities and compatibility. These forward-looking statements
involve risks and uncertainties, and actual results could vary.
Factors that could affect our ability to achieve our goals include
our ability to successfully integrate Akorri's operations and
products with our own; the future success of both companies'
product lines; general economic and industry conditions, including
expenditure trends for storage-related products; our ability to
deliver new product architectures and products that meet market
acceptance; our ability to design products that compete effectively
from a price and performance perspective; and other important
factors as described in NetApp reports and documents filed from
time to time with the Securities and Exchange Commission.
Inc. Magic Quadrant for Storage Resource Management and SAN
Management Software, Valdis Filks, Robert E. Passmore, September