NetApp to Acquire Spot

NetApp has entered into a definitive agreement to acquire Spot, a leader in compute management and cost optimization for public clouds.

Spot provides a combination of tools for visibility and automation, helping businesses drive continuous workload optimization in a single platform while maintaining both SLA and SLO. This relieves DevOps, CloudOps, and FinOps teams from the burden and complexity of managing, scaling, tuning, and optimizing cloud resources so that they can focus on business innovation under acceptable budget controls.

Together, NetApp and Spot will enable customers to deploy more applications to public clouds faster with Spot’s “as-a-service” platform.

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.