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Announced

Completed

NetApp completed the acquisition of Instaclustr.

Financials

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

Tags

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IT Services: Other

Domestic

Majority

Acquisition

Friendly

Private

Single Bidder

it consulting

United States

open source

Completed

Synopsis

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NetApp, a global, cloud-led, data-centric software company, completed the acquisition of Instaclustr, a platform provider of fully managed open-source database, pipeline and workflow applications delivered as a service. Financial terms were not disclosed. "NetApp has long been a leader in solutions enabling customers to run applications. The acquisition of Instaclustr will combine NetApp’s established leadership in continuous storage and compute optimization with Instaclustr’s fully-managed database and data pipeline services to give customers a Cloud Operations platform that provides the best and most optimized foundation for their applications in the public clouds and on premises," George Kurian, NetApp CEO.

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