This week, NetApp announced it has entered into a definitive agreement to acquire Spot, a compute management and cost optimization on the public clouds company, to establish leadership in Application Driven Infrastructure (ADI). Spot, a cloud platform company, provides a combination of tools for visibility and automation, that drive continuous optimization of workloads in a single platform while maintaining both SLA and SLO.
This week, NetApp announced it has entered into a definitive agreement to acquire Spot, a compute management and cost optimization on the public clouds company, to establish leadership in Application Driven Infrastructure (ADI). Spot, a cloud platform company, provides a combination of tools for visibility and automation, that drive continuous optimization of workloads in a single platform while maintaining both SLA and SLO.
NetApp said: “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”. With this acquisition, NetApp is looking to enable Cloud Operations, adding optimization and data management into the infrastructure decisions. With Spot, DevOps, CloudOps, and FinOps teams can be relieved from the burden and complexity of managing, scaling, tuning, and optimizing cloud resources to focus on business innovation under acceptable budget controls.
NetApp also states that upon the closing of the transaction, the partnership will deliver savings of up to 90% on compute and storage, which account for more than 70% of the public cloud cost. Ultimately, NetApp and Spot intend to establish an Application Driven Infrastructure to enable their customers to deploy more applications to public clouds faster.
The transaction is expected to close in the first half of NetApp’s fiscal year and is subject to the satisfaction of certain regulatory approvals and other customary closing conditions.
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