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How NetApp Could Benefit from Its Acquisition of GreenQloud

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Sep. 25 2017, Updated 10:38 a.m. ET

NetApp acquired GreenQloud

NetApp (NTAP) announced that it has recently acquired private startup firm GreenQloud, which provides a cloud services orchestration and management platform for hybrid cloud environments. 

During the company’s fiscal 1Q18 earnings call, NetApp’s CEO, George Kurian, stated, “GreenQloud augments our team and accelerates our leadership in hybrid cloud data services by providing NetApp with a scalable architecture, unique technology, and expertise that enhances our ability to integrate and deliver cloud data services.”

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The details of this acquisition were not disclosed. NetApp expects this acquisition to accelerate the firm’s expansion in the hybrid cloud service sector. GreenQloud was founded in 2010 and is headquartered in Iceland. It raised $4 million from Kelly Ireland, founder and CEO of CB Technologies, in its latest funding round last year.

GreenQloud developed Qstack in 2015, which allows companies to manage their data center portfolios from a single portal. Qstack has partnered with VMware (VMW), Hewlett Packard Enterprise (HPE), Microsoft (MSFT), and NetApp (NTAP) over the last two years.

Partnership expansion with Microsoft Azure

We have seen earlier in this series that NetApp expanded its strategic partnership with Microsoft Azure in the hybrid cloud software solutions space. This partnership could help deliver enterprise-grade data insights, protection, and visibility for customers transitioning to Microsoft Azure.

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