Spot

Spot by NetApp is the Israeli startup which is engaged in software development for optimization of cloud infrastructure. The staff of all divisions makes 150 people who work in Tel Aviv, San Francisco and London.

History

2020

Completion of the transaction of Netapp-Spot

The Netapp company announced on July 15, 2020 completion of the transaction on acquisition of the Spot company working in the field of management of calculations and cost optimization for public clouds.

Spot by NetApp offers the applied focused infrastructures (ADI) and cloud infrastructures using analytics and machine learning for permanent adaptation to requirements of applications to facilitate optimization of cloud resources in real time both for calculations, and for storage. As explained in NetApp, ADI automatically provide to applications necessary availability, performance and power at the minimum costs, reducing time necessary for deployment and the innovative development of applications. ADI help application developers to reduce duration of development cycles and to start more applications in a cloud.

In the whole Spot by NetApp offers a wide portfolio of services of calculation and storage for monitoring and requirement analysis of applications and automatic optimization of cloud resources. With these services customers will be able:

• To completely use possibilities of clouds and, by estimates of the company, to save up to 90% of costs for calculations and storage of which about 70% of total expenses for clouds consist.
• Use a compression, deduplication and a tiring for ensuring cost reduction: up to 60% in comparison with standard cloud storages.
• Provide complete implementation of opportunities of clouds of customers.
• Use integrated approach to management of cloud costs.
• It is permanent to trace, analyze and predict requirements of applications.
• To proactively optimize cloud infrastructure for compliance to requirements of applications and business.
• To scale and adapt automatically for ensuring optimal power and performance.

NetApp purchased Spot

At the beginning of June, 2020 the Netapp company announced Spot acquisition to improve the cloud applicaions.

Spot provides the platform which helps the companies to optimize the expenses on cloud computing. Developers use the software on the basis of AI to help the clients to manage cloud loadings in different data processing centers, and on average can reduce costs to 80%.

NetApp purchased software developer for optimization of cloud applicaions

Software of Spot uses the excess server capacity which is offered by suppliers of the public cloud systems, such as Amazon Web Services, Microsoft, Google and Alibaba Cloud. Thanks to AI Spot learned to predict precisely availability of this excess capacity and also can reasonably manage these cheaper fallback resources.

Spot provides to customers a complex of tools just for show and automation using which permanent optimization of workloads on one platform with preserving of in advance approved results will become possible. It exempts departments of DevOps, CloudOps, and FinOps from loadings and complexity of management, scaling, setup and resource optimization of a cloud, allowing to be focused on business innovations in an acceptable framework of the budget.

NetApp provides the equipment for data storage, but in recent years its development slowed down because of growth of services of cloud computing, writes the SiliconANGLE edition on June 3, 2020. In reply the company decided to change the strategy and provided products which allow clients to get access to the data where they were. The Spot platform should help the company to provide continuous optimization of calculations and data storage. The platform will work first of all with traditional information technologies, corporate applications and cloud workloads.

Together NetApp and Spot intend to create the applied focused architecture to allow customers to unroll quicker more applications in a public cloud using the Spot platform that will allow them to optimize on a permanent basis calculations and storage for traditional IT buyers with corporate applications, to cloud applicaions and lakes of data.

To the transaction of Netapp and Spot were very well familiar with each other as both companies use services of each other. They do not disclose financial parts of the transaction, but mass media report that the price was $450 million^[1] Completion of the transaction is expected in the first half of financial year of Netapp and depends on satisfaction of certain conditions.

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