Description
NetApp is an American hybrid cloud data services and data management company headquartered in Sunnyvale, California. It has ranked in the Fortune 500 since 2012. Founded in 1992 with an IPO in 1995, NetApp offers cloud data services for management of applications and data both online and physically.
History
etApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm as Network Appliance, Inc. At the time, its major competitor was Auspex Systems. In 1994, NetApp received venture capital funding from Sequoia Capital. It had its initial public offering in 1995. NetApp thrived in the internet bubble years of the mid 1990s to 2001, during which the company grew to $1 billion in annual revenue. After the bubble burst, NetApp's revenues quickly declined to $800 million in its fiscal year 2002. Since then, the company's revenue has steadily climbed.
In 2006, NetApp sold the NetCache product line to Blue Coat Systems.
In 2008, Network Appliance officially changed its legal name to NetApp, Inc., reflecting the nickname by which it was already well-known.
On June 1, 2015, Tom Georgens stepped down as CEO and was replaced by George Kurian.
In May 2018 NetApp announced its first End to End NVMe array called All Flash FAS A800 with release of ONTAP 9.4 software. NetApp claims over 1.3 million IOPS at 500 microseconds per high-availability pair. In January 2019 Dave Hitz announced retirement from NetApp.
