Cloud data services company NetApp has agreed to acquire Israeli company Spot, formerly Spotinst, with an aim to establish leadership in Application Driven Infrastructure.
The two companies did not disclose the transaction details. According to a report in Israeli publication CTECH on Wednesday, the deal was worth $450 million.
Spot is a player in compute management and cost optimisation on the public Clouds. NetApp said that in partnership with Spot, it will establish an Application Driven Infrastructure to enable customers to deploy more applications to public Clouds faster with Spot’s as-a-service platform.
It will lead to continuous optimisation of both compute and storage for both traditional IT buyers with enterprise applications, Cloud-native workloads and data lakes, Anthony Lye, senior vice president and general manager, Public Cloud Services, NetApp, said in a statement.
Together, NetApp and Spot’s Application Driven Infrastructure for continuous optimisation could help customers save up to 90 percent of their compute and storage Cloud expenses, which typically make up 70 percent of total Cloud spending, and will help accelerate public cloud adoption.
“Spot was founded with a vision to revolutionize the way companies consume cloud infrastructure services, using analytics and automation to deliver the most reliable, best performing and most cost-efficient infrastructure for every workload on every cloud,” said Amiram Shachar, founder and CEO of Spot.