NetApp, a global, cloud-led, data-centric software company, announced that it has signed a definitive agreement to acquire CloudCheckr, a leading cloud optimisation platform that provides cloud visibility and insights to lower costs, maintain security and compliance, and optimise cloud resources. Financial details of the transaction are not being disclosed.

As private and public sector organisations, as well as managed service providers, have increased their investments in cloud services in recent years, cloud cost has emerged as a barrier to a company's cloud acceleration. Spot by NetApp's leading FinOps offerings are expanded with this acquisition, which combines critical cost visibility and reporting from the CloudCheckr platform with continuous cost optimisation and managed services from Spot by NetApp. By combining these capabilities, organisations will be able to better understand and continuously improve their cloud resources, allowing them to reap the benefits of cloud faster and at scale.

NetApp continues to invest in the Spot by NetApp portfolio's innovation and growth as a key component of its cloud strategy. CloudCheckr complements and expands the Spot by NetApp portfolio, resulting in an industry-leading suite of CloudOps services, and builds on the company's recent acquisition of Data Mechanics. The Spot by NetApp portfolio will now include CloudCheckr, which will provide comprehensive cost visibility, analytics, management, and optimisation to assist enterprises and managed service providers in maintaining continuous control over their cloud infrastructure resources.

“Managing costs while accelerating cloud applications is a significant challenge for organisations as they work to maximise the ROI of their cloud investments, all while running at cloud speed,” said Sanjay Rohatgi, Senior Vice President and General Manager, APAC, NetApp. “By adding cloud billing analytics, cost management capabilities, cloud compliance and security to our CloudOps platform through the acquisition of CloudCheckr, we are enabling organisations to deploy infrastructure and business applications faster while reducing their capital and operational costs. This is a critical step forward in our FinOps strategy as well as an acceleration of our overall CloudOps leadership. Simply put, NetApp continues to empower customers to achieve more cloud at less cost.” 

“The combination of Spot by NetApp and CloudCheckr will create a suite of highly complementary and synergistic multi-cloud infrastructure management solutions for our customers and partners,” said Tim McKinnon, CEO of CloudCheckr. “The CloudCheckr team is thrilled to be joining NetApp, and to help advance the company’s leadership in the FinOps space.”