NetApp buys CloudOps automation tech company Fylamynt

NetApp has acquired Fylamynt, an innovative CloudOps automation technology company that enables customers to build, run, manage and analyze workflows securely in any cloud with little to no code.
NetApp at a IT trade show
Financial details of the transaction are not being disclosed.

Fylamynt’s low code, no code technology for cloud automation, enables DevOps and SREs to scale, optimize and maintain their cloud operations at a fraction of the cost.

“As NetApp has continued to establish itself as a leader in the cloud, the native integration of Fylamynt with Spot by NetApp will allow organizations to deploy Spot by NetApp services within their existing cloud environments,” said Anthony Lye, Executive Vice President and General Manager, Public Cloud Services at NetApp.

NetApp’s acquisitions to expand Spot by NetApp’s portfolio include CloudHawk for security and compliance, Data Mechanics for data analytics and machine learning workloads in the cloud, and CloudCheckr for cloud cost management.

NetApp has reported revenue of $1.61 billion in third quarter of fiscal year 2022, compared to $1.47 billion in the third quarter of fiscal year 2021.

NetApp generated Hybrid Cloud segment revenue of $1.50 billion, compared to $1.42 billion in the third quarter of fiscal year 2021 and Public Cloud segment revenue of $110 million, compared to $55 million in the third quarter of fiscal year 2021.