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NetApp Agrees to Acquire Akorri Networks

NetApp (NASDAQ: NTAP) has an agreement in place to acquire Massachusetts-based Akorri Networks.

Terms of the all-cash transaction were not disclosed.

Akorri provides data center management software focused on performance capacity analytics for virtualized, shared IT infrastructures.

“The ability to accurately predict and manage performance and capacity requirements has been a common obstacle for many customers wanting to transition to a virtualized environment, ” NetApp Product Operations lead Manish Goel said. “Akorri further strengthens NetApp’s data management capabilities to achieve greater quality of service and performance in their virtual and cloud environments. With these enhanced capabilities, customers can accelerate their transition to a shared IT infrastructure so that they can use IT as a tool to capitalize on new growth opportunities and spend fewer resources managing their environments.”

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