The acquisition will strengthen the company’s Spot by NetApp offering.
This week NetApp announced that it has signed a definitive agreement to acquire CloudCheckr. The deal will bring NetApp a leading cloud optimization platform that provides cloud visibility and insights to lower costs. CloudCheckr also maintains security and compliance and optimizes cloud resources. Financial details of the transaction are not being disclosed.
This acquisition extends Spot by NetApp’s leading FinOps offerings. It combines critical cost visibility and reporting from the CloudCheckr platform with continuous cost optimization and managed services from Spot by NetApp. Bringing these capabilities together will enable organizations to better understand and continuously improve their cloud resources and realize the benefits of cloud faster and at scale.
Netapp claims that the acquisition will give the NetApp portfolio an industry-leading suite of CloudOps services. NetApp also claims it builds on the company’s recent acquisition of Data Mechanics.
The real reason for the acquisition may not be so clear
Anthony Lye, executive vice president and general manager of NetApp’s Public Cloud Services business unit, commented. “Managing costs while accelerating cloud applications is a significant challenge for organizations as they work to maximize the ROI of their cloud investments”.
“By adding cloud billing analytics, cost management capabilities, cloud compliance and security to our CloudOps platform through the acquisition of CloudCheckr, we are enabling organizations to deploy infrastructure and business applications faster while reducing their capital and operational costs. This is a critical step forward in our FinOps strategy as well as an acceleration of our overall CloudOps leadership.”
But Steve McDowell, an analyst with Moor Insights & Strategy, told SiliconANGLE he was surprised by this acquisition because CloudCheckr’s capabilities are very similar to Spot already.
“NetApp is saying that CloudCheckr has complementary technology to Spot,” McDowell said. “If that’s true, then NetApp is clearly spending to fill in roadmap gaps in order to avoid lengthy development time. This could be a good strategy.”