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Announced

Completed

NetApp completed the acquisition of Spot for $462m.

Financials

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Transaction Value£358m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

Private

Acquisition

Digital Services

Friendly

computer management

cost optimization

Single Bidder

Completed

Disposal

Cross Border

Private Equity

Synopsis

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NetApp, a cloud data services provider, completed the acquisition of Spot, a provider of computer management and cost optimization on the public clouds, for $462m. "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," Anthony Lye, NetApp Senior Vice President and General Manager of Public Cloud Services.

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