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NetApp to Buy Onaro

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.

NetApp's chief marketing officer, Jay Kidd, says his firm plans to retain "the majority" of the Onaro team, which comprises about 60 employees, though it's not clear whether that will happen in Onaro's Boston headquarters. NetApp has nearby facilities in Waltham, Mass., and will re-evaluate which facilities to keep once the deal is done.

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