Canberra-based local open-source data technology company Instaclustr signed a definitive agreement to be acquired by NASDAQ-listed data-centric software giant NetApp.
The deal size and other financial details were not disclosed; however, it’s believed to be worth more than $500 million.
Today we’re announcing that we have signed a definitive agreement to acquire @Instaclustr, a leading platform provider of fully managed open-source database, pipeline and workflow applications delivered as a service.
Instaclustr was founded in 2013 in Canberra by co-founders Peter Lilley and Doug Stuart after selling their previous company, Stratsec, to BAE Systems in 2011.
The company’s headquarters are in Canberra, Australia, with US regional headquarters in Redwood City, California. Peter Nichol, the CEO and co-founders Ben Bromhead and Adam Zegelin are all based in California.
Instaclustr’s technology addresses the needs of businesses with large amounts of data to manage, emphasising five key use cases: IoT, personalisation, messaging, fraud detection, and list management.
For complex data technologies such as Apache Cassandra and Spark, the company provides Managed Solutions, Enterprise Support, and Consulting. Customers can run these technologies in their infrastructure accounts or through Instaclustr’s data platform, which supports AWS, Azure, Softlayer, Heroku, and Google Cloud.
In March last year, Instaclustr acquired Germany- and U.S.-based credativ.
NetApp said it aims to take its technology to yet a higher layer above its traditional storage focus with the acquisition. The acquisition of Instaclustr builds on a series of strategic purchases made by NetApp to deliver a leading best-of-suite platform for CloudOps.
“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,” said George Kurian, CEO at NetApp.
NetApp’s strategic acquisitions, including Spot, CloudCheckr, Data Mechanics, Fylamynt and now Instaclustr have made Spot by NetApp a compelling platform for applications on one cloud and across multiple clouds–continuous optimisation, automation, monitoring, and security combined with expertise in deploying and operating open-source applications, all delivered as a service, on public and private clouds to give customers more cloud with less cost and less time.
“Data management technology platforms are an increasingly essential priority for today’s modern enterprise as companies look for new ways to accelerate application development for competitive advantage,” said Peter Lilley, CEO and Co-founder at Instaclustr.
“Instaclustr’s growth has been driven by the fact that companies want to leverage open-source databases, pipelines, and workflow applications without overwhelming themselves with the complexity and cost of managing and operating them,”
Shares of NetApp were down 0.5 per cent in after-market trading and underperformed compared to some of its competitors.
For the official announcement, click here
This post was aggregated from Dynamic Business (https://dynamicbusiness.com).