NetApp Storage Software Growth Continues to Outpace Market
Sunnyvale, Calif. - March 19, 2008 --
NetApp (NASDAQ: NTAP) announced today that it continued to gain
momentum in the storage software market, growing the fastest among
the top five leading storage software providers in 2007. According
to IDC's Worldwide Quarterly Storage Software Tracker Q4
20071, NetApp grew more than three times faster than the
storage software market in 2007 and gained share in each market
segment in which it provides offerings. This marks the fifth
consecutive year that NetApp has grown faster than both the storage
software market and the market leader.
Also according to IDC, NetApp maintained the
number-two market share position in the storage replication
software market and continued to close the gap on the market
leader. NetApp gained share in the storage replication market and
grew fastest among the top five vendors. The company grew at more
than three times the market rate compared to 2006. NetApp also grew
at 17 times the rate of the market leader during this period. This
marks the fifth consecutive year that NetApp has grown faster than
both the storage replication market and the market leader.
NetApp creates innovative storage and data management solutions
that accelerate business breakthroughs and achieve outstanding cost
efficiency. Discover our passion for helping companies around the
world go further, faster at www.netapp.com.
"Safe Harbor" Statement under U.S.
Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements include market and market share trends that
benefit the Company, continued customer acceptance, and adoption
rates of the Company's solutions. These forward-looking statements
involve risks and uncertainties, and actual results could vary.
Factors that could impact our ability to achieve our goals include
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, Inc. reports and documents filed from time to
time with the Securities and Exchange Commission, including our
most recently submitted 10-K and 10-Q.
1 IDC Worldwide Quarterly Storage Software Tracker Q3