RESEARCH TRIANGLE PARK – NetApp, which operates a large campus in RTP, is bolstering its cloud computing efforts with a deal to buy Spot,io, a cloud services firm based in Israel and with operations in several countries.
Media reports say NetApp paid as much as $450 million for the firm.
Spot investors include Intel.
“In today’s public clouds, speed is the new scale. However, waste in the public clouds driven by idle resources and overprovisioned resources is a significant and a growing customer problem slowing down more public cloud adoption,” said Anthony Lye, senior vice president and general manager for Public Cloud Services at NetApp.
“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.”
Spot offers technology that monitors cloud performance for service level agreements and service level objectives.
“Together, NetApp and Spot’s Application Driven Infrastructure for continuous optimization will help customers save up to 90 percent of their compute and storage cloud expenses, which typically make up 70 percent of total cloud spending, and will help accelerate public cloud adoption,” NetApp says.
The deal was announced earlier this week.