M&A Deal Summary

NetApp Acquires Akorri Networks

On January 12, 2011, NetApp acquired software company Akorri Networks for 60M USD

Acquisition Highlights
  • This is NetApp’s 3rd transaction in the Software sector.
  • This is NetApp’s 7th largest (disclosed) transaction.
  • This is NetApp’s 4th transaction in the United States.
  • This is NetApp’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2011-01-12
Target Akorri Networks
Sector Software
Buyer(s) NetApp
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Akorri Networks

Littleton, Massachusetts, United States
Akorri develops cross-domain analytical software solutions that optimize performance and utilization in the dynamic data center. BalancePoint virtual infrastructure management software provides automated, infrastructure-wide visibility and analysis to help enterprises fix problems, optimize utilization, and improve performance for both virtual and physical servers and storage. IT organizations use BalancePoint to reduce IT infrastructure total cost of ownership and ultimately enable a service-oriented infrastructure.

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Buyer(S) 1

Buyer

NetApp

San Jose, California, United States
Category Company
Founded 1992
Sector Information Technology
Employees11,000
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. The company'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 4 of 19
Sector (Software) 3 of 8
Type (Add-on Acquisition) 4 of 17
State (Massachusetts) 2 of 2
Country (United States) 4 of 18
Year (2011) 1 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-03 Onaro

Waltham, Massachusetts, United States

Onaro, a privately-held company based in Boston, was a leading provider of storage service management software used primarily in storage area networks (SANs)

Buy $113M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Engenio

United States

Engenio provides external storage systems services.

Buy $480M
Mergr

Product

Company

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