Onaro Has Been Acquired by NetApp
About Onaro
- Onaro, a privately-held company based in Boston, was a leading provider of storage service management software used primarily in storage area networks (SANs)
- Deployed in 32% of Fortune 50 companies, Onaro’s software provided a clear service-level view into a SAN’s access paths, redundancy, replication and performance, allowing enterprises to increase service quality, return on storage and compliance
- The company customers included AOL, JetBlue, State Street and Wyeth Pharmaceuticals
- Onaro was backed by Cedar Fund and Newbury Ventures
About NetApp
- NetApp (NASDAQ: NTAP) is a leading provider of enterprise storage and data management solutions for storing, managing, protecting and archiving data
- Formerly known as Network Appliance, NetApp markets and sells its products throughout the world, and in March 2008, launched a global branding and awareness campaign to increase the company’s visibility in the IT market
- NetApp is headquartered in Sunnyvale, California
Transaction Notes
- The acquisition of Onaro by NetApp was announced on January 3, 2008 for a value of $113,000,000
- The combination of NetApp and Onaro will help enterprise organizations increase data center and storage network efficiencies by proactively managing and optimizing storage service levels for availability and performance in dynamic data center environments
- The acquisition of Onaro continues NetApp’s expansion from the company’s historical strength in network-attached storage (NAS), remaking NetApp into a provider of unified Fibre Channel, iSCSI, SAN and NAS storage solutions
- Shea & Company served as the exclusive financial advisor to Onaro on the company’s sale to NetApp