NetApp Completes Acquisition of Akorri

NetApp, Inc. has completed the acquisition of Akorri Networks,
Inc., a privately-held company headquartered in
Littleton, Massachusetts. Under terms of the definitive agreement,
NetApp acquired Akorri in an all-cash transaction for approximately $60
million.

Akorri has gained significant market momentum, growing its customer base
by more than 100% in 2010 by serving the needs of enterprises adopting
and expanding their use of server virtualization technology.

Gartner, Inc. positioned Akorri in the Visionaries quadrant and NetApp
in the Leaders quadrant for Storage Resource Management and SAN
Management Software. The combination of Akorri and NetApp is expected to
provide customers the industry’s leading capabilities for storage
management and analytics.

Akorri extends the NetApp OnCommand management software suite with
performance capacity analytics and optimization for greater visibility
across the entire IT stack, including applications, servers, networks,
and storage.

Akorri’s software, BalancePoint, helps customers identify
performance bottlenecks; improve storage capacity planning; and free up
the time, people, and budget resources needed to run virtual
environments.

BalancePoint complements NetApp SANscreen to help customers further
improve IT efficiency and flexibility through functions that help
control, automate, and analyze their virtualized, shared IT
infrastructures.

NetApp provides storage software management tools
for customers to automate and analyze shared IT infrastructures, reduce
the risks and costs of deploying virtualization, efficiently deliver on
service levels, and respond to rapidly changing business needs.

BalancePoint is available through existing Akorri channel
partners. Customer pricing is available from those partners.