NetApp to sell some cloud software assets to Flexera

NetApp to sell some cloud software assets to Flexera (Update)
NetApp (NASDAQ:NTAP) is selling a portfolio of cloud software assets worth about $100M to Itasca, Ill.-based Flexera, Bloomberg News reported, citing people with knowledge of the matter. The deal, which could be announced on Wednesday,
NetApp Selling Some Software Assets to Thoma Bravo’s Flexera
NetApp Inc. has agreed to sell a portfolio of cloud software assets it acquired in recent years to Thoma Bravo-backed Flexera.Flexera will buy the Spot by NetApp FinOps business from NetApp, according to a statement on Wednesday that confirmed an earlier Bloomberg News report.
NetApp sells Spot and CloudCheckr to cloud cost control company Flexera
Today’s announcement revealed that Flexera will acquire parts of NetApp’s Spot by NetApp and CloudCheckr products in a deal valued at around $100 million, Bloomberg reported, citing people familiar with the matter. The financial terms of the deal were not disclosed.
Flexera To Acquire NetApp’s FinOps Business For $100M Amid Channel Charge
Flexera is buying NetApp’s FinOps Spot business to boost cloud computing, software management, MSPs and new partners, CEO Jim Ryan says.
Flexera to Acquire FinOps Business from NetApp, Inc. to Strengthen FinOps Portfolio
ITASCA, Ill. and SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Flexera, the global leader in technology spend and risk management, has entered into a definitive agreement to acquire the Spot by NetApp FinOps business from NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company.
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