RSS
Email
Print
ShareNetApp to Buy Onaro
Posted by Mary Jander on January 3, 2008
Network Appliance plans to buy SRM vendor Onaro during the first quarter of 2008 in a deal NetApp says won't be material to its financial results. When the deal closes, Onaro will be blended into NetApp's Storage Management and Integration Software division under the leadership of general manager Louis Selincourt. The division is part of the Networked Storage and Manageability Group, which is overseen by SVP and GM Suresh Vasudevan, who in turn reports to Tom Georgens, EVP of product operations at NetApp.
Terms of the deal were undisclosed, but Onaro has claimed profitability since 2006 and has received $9.5 million in venture funding to date.
The news comes after five-year-old Onaro expanded its storage automation capabilities in September 2007 and added virtual machine and file-based NAS monitoring to its largely SAN-based wares in early December.
Onaro claims more than 100 customers, with over 32 percent in "Fortune 50" enterprises.
Add Your Comment: