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M&A Deal Summary

Flexera Acquires NetApp - FinOps Business

On January 15, 2025, Flexera acquired internet software and services company NetApp - FinOps Business from NetApp

Acquisition Highlights
  • This is Flexera’s 2nd transaction in the Internet Software and Services sector.
  • This is Flexera’s 8th transaction in the United States.
  • This is Flexera’s 4th transaction in California.

M&A Deal Summary
Date 2025-01-15
Target NetApp - FinOps Business
Sector Internet Software and Services
Buyer(s) Flexera
Sellers(s) NetApp
Deal Type Divestiture

Target

NetApp - FinOps Business

San Jose, California, United States
NetApp's FinOps Business is a SaaS management solutions provider.

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Buyer(S) 1

Buyer

Flexera

Itasca, Illinois, United States
Category Company
Founded 1987
Sector Software
DESCRIPTION
Flexera Software's corporate headquarters in Schaumburg, Illinois.
Flexera Software's corporate headquarters in Schaumburg, Illinois.

Flexera is a provider of strategic software solutions for application usage management. The Company's solutions help clients deliver continuous compliance optimized usage and maximized value to application producers and their customers. Flexera was founded in 1987 and is based in Itasca, Illinois.

DEAL STATS #
Overall 12 of 12
Sector (Internet Software and Services) 2 of 2
Type (Divestiture) 1 of 1
State (California) 4 of 4
Country (United States) 8 of 8
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Snow Software

Solna, Sweden

Snow Software is a provider of software asset management ("SAM") solutions. The company's products help both private and public sector organizations in managing their software spend. Snow's solutions further enable IT departments to free up valuable time through automating a number of time-consuming tasks and optimize returns on new software investments. Snow Software was founded in 1997 and is based in Solna, Sweden.

Buy -

Seller(S) 1

SELLER

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 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Instaclustr

Palo Alto, California, United States

Instaclustr is an Open Source-as-a-Service company, delivers reliability at scale. The Company operatesan automated, proven, and trusted managed environment, providing database, analytics, search, and messaging. The Company enables companies to focus internal development and operational resources on building cutting-edge customer-facing applications. Instaclustr was founded in 2013 and is based in Palo Alto, California.

Buy -
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