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NetApp to Acquire Akorri Networks, Inc.

Published
  • January 14 2011, 12:30pm EST

January 14, 2010 - Storage and data management provider NetApp plans to acquire Akorri Networks, Inc., a privately held performance management company headquartered in Littleton, Massachusetts, in an all-cash transaction expected to close in NetApp's fourth fiscal quarter.

Akorri was founded in 2005 and is a provider of data center management software focused on performance capacity analytics for virtualized, shared IT infrastructures. According to the annnouncement, Akorri has gained significant market momentum, growing its customer base by more than 100 percent in 2010. Customers include AutoTrader, SCI, Kronos, Epsilon and more.

Together, NetApp and Akorri will provide customers with comprehensive tools to automate and analyze their shared IT infrastructures, deliver on service levels and respond to changing business needs. The combination of Akorri and NetApp is expected to provide customers with capabilities for storage management and analytics.

"Akorri further strengthens NetApp's data management capabilities to achieve greater quality of service and performance in their virtual and cloud environment," said Manish Goel, executive vice president, Product Operations, NetApp, in a statement.

"Customers are thinking differently and choosing NetApp today as they transition to a shared IT infrastructure," said Rich Corley, Founder, CTO, and vice president of engineering, Akorri, in the release. "The combination of our two companies will provide our customers the most comprehensive tools to plan for change and growth in their business."

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