NetApp Acquires Spot

NetApp has entered into a definitive agreement to acquire Spot (formerly Spotinst), a provider of cloud compute management and cost-optimization software, to establish leadership in Application Driven Infrastructure. The acquisition pairs NetApp’s shared storage platform with Spot’s continuous optimization platform to help customers reduce cloud compute and storage costs and accelerate public cloud adoption; the deal is expected to close in the first half of NetApp’s fiscal year subject to customary approvals.