Breaking: NetApp To Acquire Akorri Networks In All-Cash Transaction

akorri

NetApp today announced that it is to acquire Akorri Networks, which enables IT organizations to increase virtualization ROI through optimization and planning of their virtual and physical infrastructure resources.

Terms of the agreement were not disclosed, but it was all-cash, NetApp says. Akorri was founded in 2005 and has raised $48.7 million in funding to date.

Akorriā€™s BalancePoint software uses cross-domain analysis and analytics to help companies manage, optimize, and plan performance and utilization across their data center infrastructure. BalancePoint provides visibility into the root cause of performance issues through drill-down into server and storage resources and the ability to understand both server and storage virtualization.

The acquisition is expected to close early in NetApp’s fourth fiscal quarter, subject to the satisfaction of customary closing conditions.

(TechCrunchIT)

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