NetApp to Acquire Israeli Firm Spot

Cloud service firm NetApp, has announced that it has entered into a definitive agreement to acquire Spot, a compute management and cost optimization on the public clouds firm, to establish leadership in Application Driven Infrastructure. Digitizations have accelerated and remained the top business priorities across the sectors, especially in today’s tech environment, and the public clouds give the agility and flexibility needed to navigate this new normal as organizations find new ways to work.

However, unoptimized clouds can be expensive and slow down business transformation. To deal with this challenge, an Application Driven Infrastructure translates the application’s workload patterns and drives the best possible level of performance and cost for storage and compute, all done while maintaining the contracted service-level agreement (SLA) and service-level objective (SLO).

Spot, formerly known as Spotinst, is a software provider, founded by Amiram Shachar and Liran Polak in 2015, Spot currently has over 180 staff across offices in San Francisco, New York, Washington DC, Tel Aviv and London.

With this agreement, NetApp and Spot’s Application Driven Infrastructure for constant optimization will help clients save up to 90 percent of their compute and storage cloud expenses, which typically make up 70 percent of total spending on cloud and will help expedite public cloud adoption.

Spot gives a combination of tools for visibility and automation, that drive constant optimization of workloads in a single platform while maintaining both SLA and SLO.
This relieves DevOps, CloudOps, and FinOps teams from the burden and complexity of managing, scaling, tuning, and optimizing cloud resources to focus on business innovation under adequate budget controls.

“In today’s public clouds, speed is the new scale. However, waste in the public clouds driven by idle resources and over-provisioned resources is a significant and a growing customer problem slowing down more public cloud adoption,” said Anthony Lye, senior vice president, and general manager, Public Cloud Services, NetApp. “The combination of NetApp’s leading shared storage platform for block, file, and object and Spot’s compute platform will deliver a leading solution for the continuous optimization of cost for all workloads, both cloud-native and legacy. Optimized customers are happy customers and happy customers deploy more to the public clouds.”