M&A Deal Summary

NetApp Acquires CloudCheckr

On October 4, 2021, NetApp acquired internet software and services company CloudCheckr from Level Equity

Acquisition Highlights
  • This is NetApp’s 4th transaction in the Internet Software and Services sector.
  • This is NetApp’s 16th transaction in the United States.
  • This is NetApp’s 1st transaction in New York.

M&A Deal Summary

Date 2021-10-04
Target CloudCheckr
Sector Internet Software and Services
Buyer(s) NetApp
Sellers(s) Level Equity
Deal Type Add-on Acquisition

Target

CloudCheckr

Rochester, New York, United States
CloudCheckr is a cloud management platform, which use the funds to bolster its market major platform for modern enterprises, government agencies and managed service providers who demand a comprehensive and scalable multi-cloud management platform that satisfies cost, security, utilization and compliance concerns. CloudCheckr was founded in 2011 and is based in Rochester, New York.

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Buyer(S) 1

Buyer

NetApp

San Jose, California, United States

Category Company
Founded 1992
Sector Information Technology
Employees11,800
Revenue 6.3B USD (2024)
DESCRIPTION
NetApp's corporate headquarters in Sunnyvale, California.
NetApp's corporate headquarters in Sunnyvale, California.

NetApp is a provider of storage systems and data management solutions. NetApp's storage systems help customers streamline operations and lower the cost associated with storing and managing their data. NetApp's unified fabric-attached storage platform offers a storage platform for business applications, shared infrastructures, and cloud environments. Its E-Series platform offers modular flexibility and custom configuration capability for a variety of workloads. NetApp was founded in 1992 and is based in San Jose, California.


DEAL STATS #
Overall 17 of 19
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 15 of 17
State: New York M&A 1 of 1
Country: United States M&A 16 of 18
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Data Mechanics

Paris, France

Data Mechanics is a provider of a managed platform for big data processing and cloud analytics that enables enterprises to leverage Apache Spark, a unified open-source analytics engine for processing data and machine learning, in Kubernetes. Data Mechanics is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Fylamynt

Mountain View, California, United States

Fylamynt is a CloudOps automation technology company that enables customers to build, run, manage and analyze workflows securely in any cloud with little to no code. Fylamynt was founded in 2019 and is based in Mountain View, California.

Buy -

Seller(S) 1

SELLER

Level Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Level Equity Management LLC is a private investment firm focused on providing equity and structured capital to growth businesses. Sectors of interest include e-commerce, healthcare services, IT, internet software, and media. Level Equity Management was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 11 of 26
Sector: Internet Software and Services M&A 8 of 14
Type: Add-on Acquisition M&A Deals 5 of 12
State: New York M&A 1 of 1
Country: United States M&A 10 of 24
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Blue Ridge

Johns Creek, Georgia, United States

Blue Ridg is a provider of IT solutions to supply chain industry. Blue Ridge was founded in 2007 and is based in Johns Creek, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Vacasa

Portland, Oregon, United States

Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

Sell -