NetApp has completed its acquisition of Spot.io, a provider of compute management and cost optimization in the public clouds. Financial terms of the deal were not disclosed but the acquisition price is said to be $450 million.
Spot, from now on called ‘Spot by NetApp’, delivers application-driven infrastructures (ADIs) – cloud infrastructures that use analytics and machine learning to continuously adapt to the needs of applications, to help drive cloud resource optimization in real time, for both compute and storage. ADIs automatically deliver the availability, performance, and capacity that applications need at the lowest cost, accelerating the deployment and innovation of applications.
ADIs would also help application teams shorten development lifecycles and run more applications in their choice of cloud. According to NetApp, users of Spot by NetApp can save “up to 90% of their compute and storage infrastructure expenses”, which typically make up 70% of total cloud spending, while maintaining SLAs and SLOs.
“Cloud infrastructure gives application developers the ability to develop and deploy applications faster by providing resources almost instantly at any time,” said Amiram Shachar, CEO and cofounder of Spot. “We are excited to join NetApp in pursuit of the shared vision to help application owners embrace and take advantage of the full power of the cloud.”
Spot by NetApp offers a portfolio of compute and storage services that monitor and analyze the needs of applications and automatically optimize cloud resources to meet those needs. Users would be able to:
- Make reliable and greater use of cloud excess compute capacity (aka spot instances) and significantly save compute and storage costs, which typically would make up 70% of cloud spend
- Use compression, dedup and tiering technology to provide dramatic costs saving, up to 60% less than standard cloud storage
- Provide full value out of customers’ cloud reserved capacity
- Integrated, actionable approach to managing cloud spend
- Continuously monitor, analyze and predict applications’ resource needs
- Proactively optimize cloud infrastructure to meet business and application demands
- Automatically scale and adapt to deliver optimized capacity and performance
“Together, we are extending NetApp’s vision for helping customers unlock the best of cloud,” said Anthony Lye, senior vice president and general manager of NetApp’s Public Cloud Services business unit. “With Spot by NetApp, we will enable customers to get more out of their cloud investment to gain competitive advantage and accelerate their business success.”
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