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COMPUTER HARDWARE & SERVICES | Computer Networking Equipment / Storage Networking Equipment
solidfire.com

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Stage

Acquired | Acquired

Total Raised

$150M

Valuation

$0000 

About SolidFire

SolidFire is a provider in high-performance data storage systems designed for large-scale public and private cloud infrastructure. Leveraging an all-flash scale-out architecture with patented volume-level quality of service (QoS) control, providers can now guarantee storage performance to thousands of applications within a shared infrastructure. In-line data reduction techniques along with system-wide automation are fueling new block-storage services, and advancing the way the world uses the cloud.

SolidFire Headquarter Location

1600 Pearl Street Suite 200

Boulder, Colorado, 80302,

United States

720-523-3278

Latest SolidFire News

NetApp (NTAP) To Buyout CloudCheckr to Augment Spot Portfolio

Oct 5, 2021

NetApp's (NTAP) CloudCheckr acquisition is aimed at bolstering the Spot by NetApp portfolio. This story originally appeared on Zacks NetApp NTAP inked an agreement to acquire CloudCheckr for an undisclosed sum. With the CloudCheckr buyout, the company is looking to bolster the Spot by NetApp FinOps solutions. - Zacks CloudCheckr is a cloud optimization platform that helps enterprises to gain enhanced visibility regarding their cloud operations as well as extend tight security to the same along with cost reduction and cloud resource optimization. Founded in 2011, Rochester-based cloud company boasts more than 10K loyal users and over 200 employees. CloudCheckr will enhance NetApp’s CloudOps platform by adding cost management capabilities, cloud billing analytics, cloud compliance and security features. This combination will help users to gain significant operational cost visibility while accelerating implementation of infrastructure and business applications, noted the company. The latest acquisition follows the company’s earlier buyout of Data Mechanics in Jun 2021. Data Mechanics is a managed platform that enables clients to easily run Apache Spark on Kubernetes. The acquisition will help NetApp develop its latest Spot Wave offering. Earlier this year, NetApp unveiled Spot Wave by NetApp solution that will aid enterprises in lowering costs. It  also facilitates the development of data applications through a serverless infrastructure to deploy Apache Spark on the Kubernetes platform. NetApp, Inc. Price and Consensus   NetApp’s Robust Acquisition Strategy Acquisitions have helped NetApp  to enhance its presence in the storage market. The company’s acquisition of SolidFire for nearly $870 million is one of its important takeovers. The buyout bolstered NetApp’s flash-based storage product portfolio and helps it maintain a leading position in the flash storage domain. In the last reported quarter, the company’s All-Flash Array Business annualized net revenue run rate came in at $2.8 billion, up 23% year over year. Coming to recent acquisitions, NetApp’s acquisition of cloud services startup –– Spot –– in July last year is one of the pivotal buyouts. The acquisition of Spot bolstered NetApp’s Application Driven Infrastructure capabilities. Spot’s compute platform provides customers with solutions that help optimize workloads, while maintaining both service-level objective (SLO) and service-level agreement (SLA). The company also purchased CloudJumper (April 2020) and Talon Storage (March 2020). CloudJumper  is a cloud software company specializing in virtual desktop infrastructure (VDI) solutions and remote desktop services' (RDS) domain. Talon Storage has boosted NetApp’s portfolio of cloud data services. Apart from acquisitions, NetApp’s performance is gaining from continued strength in the Hybrid Cloud and Public Cloud segments as well as robust billings growth. The company is also gaining from increasing clout of cloud-integrated all-flash solutions; File, Block and Object Software products; and hybrid multi-cloud offerings. Rapid adoption of Microsoft Azure NetApp Files is a major catalyst driving the company’s Public Cloud Services, which recorded annualized recurring revenues of $337 million in the first quarter of fiscal 2022, up 89% year over year. Higher expenditures on product development amid intense competition from fellow storage peers including Pure Storage are a concern. Zacks Rank & Stocks to Consider Currently, NetApp carries a Zacks Rank #3 (Hold). Long-term earnings growth rate for Square, HP Inc and Avnet is pegged at 31.4%, 8.2% and 25.4%, respectively. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.

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SolidFire Patents

SolidFire has filed 20 patents.

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Related Topics

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4/13/2015

4/21/2020

Data management, Cloud storage, Computer memory, Network file systems, Backup

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4/21/2020

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Related Topics

Data management, Cloud storage, Computer memory, Network file systems, Backup

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