NetApp signs agreement to acquire CloudCheckr

NetApp has signed a definitive agreement to acquire CloudCheckr, a cloud optimization platform that delivers cloud visibility and analytics to decrease costs, manage security and compliance, and optimise cloud resources. The transaction’s financial specifics are being withheld.

Over the last few years, as private and public sector businesses, as well as managed service providers, have increased their expenditures in cloud services, cloud cost has emerged as a barrier to a company’s cloud adoption. By integrating key cost visibility and reporting from the CloudCheckr platform with continuous cost optimization and managed services from Spot by NetApp, this acquisition expands Spot by NetApp’s leading FinOps offerings. By combining these capabilities, organisations will be able to better understand and continually enhance their cloud resources, allowing them to reap the benefits of cloud sooner and at scale.

As part of its cloud strategy, NetApp continues to invest in the Spot by NetApp portfolio’s innovation and growth. CloudCheckr’s acquisition complements and enhances NetApp’s Spot by NetApp portfolio, resulting in an industry-leading set of CloudOps services that builds on the company’s recent acquisition of Data Mechanics. The Spot by NetApp portfolio will now include CloudCheckr, which will enable full cost visibility, analytics, monitoring, and optimization to assist companies and managed service providers in maintaining continuous control over their cloud infrastructure resources.

“Managing costs while accelerating cloud applications is a significant challenge for organizations as they work to maximize the ROI of their cloud investments, all while running at cloud speed,” said Anthony Lye, executive vice president and general manager of NetApp’s Public Cloud Services business unit.

“By adding cloud billing analytics, cost management capabilities, cloud compliance and security to our CloudOps platform through the acquisition of CloudCheckr, we are enabling organizations to deploy infrastructure and business applications faster while reducing their capital and operational costs. This is a critical step forward in our FinOps strategy as well as an acceleration of our overall CloudOps leadership. Simply put, NetApp continues to empower customers to achieve more cloud at less cost.”

“The combination of Spot by NetApp and CloudCheckr will create a suite of highly complementary and synergistic multi-cloud infrastructure management solutions for our customers and partners,” said Tim McKinnon, CEO of CloudCheckr.

Also added, “The CloudCheckr team is thrilled to be joining NetApp, and to help advance the company’s leadership in the FinOps space.”