Instaclustr acquired by NetApp in order to deliver open source databases as a service
- ByStartupStory | April 8, 2022
On open source databases to build their programs companies producing software are becoming ever more reliant, but it’s complex working with all these different products. A California startup, Instaclustr, wanted to change by offering popular open source databases delivered as a service.
Today, the company has been bought up by NetApp for an undisclosed amount. A way to install popular open source databases without worrying about the headaches of dealing with the raw open source has been given to NetApp customers by Instaclustr. Among their supported projects are OpenSearch, ElasticSearch, PostgresSQL, Apache Kafka, and Apache Cassandra.
For the company, which traditionally has delivered data and storage management services, this is the latest in a series of small acquisitions. NetApp executive vice president and general manager Anthony Lye said in a blog post announcing the deal that the acquisition was ultimately about improving customer experience by making it easier to install this software.
There is a pattern here as the company tries to shift from legacy storage vendor to something that is more relevant for customers today looking to manage workloads in the cloud, when combined with other acquisitions the company has made recently.
According to Crunchbase data, Instaclustr was founded in 2013 and raised around $22 million. In 1992, NetApp was founded and it went public in 1995. This afternoon, the stock is up slightly. The deal is subject to regulatory approval and in the first quarter of FY2023, it is expected to close.
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