Akorri Networks

NetApp has announced that it has completed the acquisition of Akorri Networks. Under terms of the definitive agreement, NetApp acquired Akorri in an all-cash transaction for approximately $60 million.

Akorri extends the NetApp OnCommand management software suite with performance capacity analytics and optimization for greater visibility across the entire IT stack, including applications, servers, networks, and storage.

Akorri’s flagship software, BalancePoint, helps customers identify performance bottlenecks; improve storage capacity planning; and free up the time, people, and budget resources needed to run virtual environments.

BalancePoint is available immediately through existing Akorri channel partners. Customer pricing is available from those partners.

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.

Akorri’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)