August 21, 2017

NetApp acquires Icelandic cloud computing firm Greenqloud

In a relatively rare foreign purchase, NetApp will now own and integrate Greenqloud’s QStack cloud management platform.

Last week, American data management specialist NetApp revealed that its acquisition of Icelandic cloud solutions provider Greenqloud has been concluded for an unspecified amount. As part of the deal, Greenqloud will support NetApp’s Data Fabric management software while providing scalable, architecture-enhancing abilities to integrate and deliver cloud data services.

Greenqloud is an enterprise-scale cloud management and services startup whose flagship product is a high-performance data provisioning software called Qstack. Headquartered in Reykjavik, Iceland, Greenqloud was founded in 2010 and received an undisclosed amount in funding in 2014.

Through the acquisition, NetApp will incorporate Greenqloud’s QStack cloud management platform into its own hybrid cloud data services system. The company says that Greenqloud’s large scale provisioning technology will be complementary to its existing cloud and data offerings.

Announcing the acquisition, CEO of NetApp, George Kurian, had this to say:

At the start of Q2, we acquired Greenqloud, a private startup company that created a cloud services, orchestration and management platform for hybrid cloud and multi-cloud environments. Greenqloud augments our team and accelerates our leadership in hybrid services by providing NetApp with the scalable architecture, unique technology and expertise that enhances our ability to integrate and deliver cloud data services.

NetApp recently published its Q2 earnings report, with the company recording a 2% increase in overall revenue for the quarter ended June 30, 2017.

Share this articleShare on FacebookShare on Google+Tweet about this on Twitter