NetApp

NetApp Inc. is a leading data management and cloud storage company headquartered in San Jose, California, providing hybrid cloud data services and data management solutions that help organizations manage and store their data across on-premises and cloud environments. The company positions itself as 'the intelligent data infrastructure company,' offering a comprehensive portfolio that includes storage systems, software, and cloud services designed to help enterprises modernize their data infrastructure. NetApp was founded in 1992 as Network Appliance, Inc. by David Hitz, James Lau, and Michael Malcolm in Sunnyvale, California, with the vision of creating dedicated network-attached storage (NAS) appliances that could provide file services more efficiently than traditional servers. The founders recognized the growing need for specialized storage solutions as networks became more complex and data volumes increased. The company shipped its first products in June 1993 and quickly established itself as an innovator in the storage industry. In 1994, NetApp received venture capital funding from Sequoia Capital, and in 1995, the company went public on NASDAQ under the ticker NTAP. The company officially changed its name from Network Appliance to NetApp, Inc. in 2008, reflecting the nickname by which it was already well-known in the industry. Over the years, NetApp has evolved from a pure storage hardware provider to a comprehensive data management solutions company, successfully transitioning to a cloud-led business model. For fiscal year 2025, NetApp delivered $6.57 billion in net revenues, fueled by a massive 43% year-over-year growth in its Public Cloud services revenue to $416 million, demonstrating its successful transformation. NetApp employs approximately 11,800 people globally and maintains a market capitalization of approximately $22.172 billion. The company is a component of the S&P 500 index and has established itself as a leader in hybrid cloud storage, earning recognition as Frost & Sullivan's 2024 Company of the Year in the Global Hybrid Cloud Storage Management Industry. NetApp earned the #1 position in all-flash storage market share in 2024, with nearly 300 basis points of market share gains. The company serves a diverse customer base including 9 of the top 10 semiconductor leaders, 10 of 10 top global banks, and 74% of the top 50 US healthcare providers, demonstrating its enterprise-grade capabilities and market leadership.