M&A Deal Summary

NetApp Acquires Spinnaker Networks

On February 18, 2004, NetApp acquired technology hardware company Spinnaker Networks for 300M USD

Acquisition Highlights
  • This is NetApp’s 1st transaction in the Technology Hardware sector.
  • This is NetApp’s 3rd largest (disclosed) transaction.
  • This is NetApp’s 1st transaction in the United States.
  • This is NetApp’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2004-02-18
Target Spinnaker Networks
Sector Technology Hardware
Buyer(s) NetApp
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Spinnaker Networks

Pittsburgh, Pennsylvania, United States
Spinnaker Networks, Inc., a privately held company based in Pittsburgh, Penn. it isa supplier of next generation NAS storage solutions.

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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 1 of 19
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 1 of 17
State (Pennsylvania) 1 of 1
Country (United States) 1 of 18
Year (2004) 1 of 1
Size (of disclosed) 3 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-23 NetApp - NetCache Business

United States

NetCache uses proxy technology to enable secure and accelerated delivery of applications and content to users.

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