Company Overview
NetApp is a leading provider of data storage and management solutions. The company was founded in 1988 and has been a publically traded company since 1999. NetApp’s stock ticker symbol is NTAP, and it trades on the NASDAQ exchange under that symbol.
In addition to its headquarters in Sunnyvale, California (USA), NetApp has offices around the world including Austin (TX), Boston (MA), Brussels (Belgium) and Singapore; as well as sales offices located throughout North America and Europe.
Products and Services
NetApp’s products and services include:
- Data storage solutions, including storage arrays and software.
- Networking equipment such as switches, routers and firewalls.
Citing Sources
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History of NetApp
NetApp was founded in 1992 by David Hitz, a former IBM engineer who wanted to create an easier way for companies to store data. He developed the first NetApp product–a storage system that used RAID technology and could be managed remotely over the internet. The company’s first headquarters were located in Sunnyvale, California; it later moved its headquarters to San Jose and then Fremont before settling down in Sunnyvale again in 2017.
In 1995 NetApp released its first commercial product: Data ONTAP 7200 (the successor of which is still being sold today). The following year saw another milestone for NetApp when it went public on NASDAQ under ticker symbol NTAP with an initial offering price of $16 per share; this made it one of only three companies ever traded on NASDAQ without an earnings report–the other two being Apple Computer Incorporated ($AAPL) and Amazon ($AMZN). In 1999 they merged with SnapServer Incorporated ($SNSS), another NASDAQ-listed company specializing in network attached storage solutions; this merger would prove beneficial later when SnapServer became part of their portfolio after acquiring them outright in 2002!
NetApp’s Business Model
NetApp’s business model is based on the concept of selling products and services to its customers. The company has been able to grow its customer base by providing solutions that help businesses manage data storage and improve their efficiency, as well as reduce costs. NetApp also has a strong market share in many industries, including healthcare, financial services, manufacturing and retailing.
The company’s competitive advantages include:
- Strong brand recognition among customers who understand the value of data management solutions;
- A wide range of product offerings that meet different needs across industries;
- Strong partnerships with other companies like Cisco Systems Inc., which offers networking equipment like switches and routers that complement NetApp’s storage systems
NetApp’s Leadership
NetApp’s executive team and board of directors are the people who make the decisions that affect your business. To help you understand how NetApp is run, we’ve included their bios below.
- Executive Team: NetApp’s current CEO is George Kurian, who has served in that role since 2015. Before he joined the company as its CEO, Mr. Kurian was an executive at Oracle for more than 20 years where he held several positions including President of Products & Technology Services (2013-2015), Executive Vice President & CTO (2012-2013), Senior Vice President & General Manager Cloud Applications Development Platforms Group (2008-2011) and Vice President Software Engineering Services Division (2004-2008).
- Board Of Directors: The board includes seven members including five independent directors and two employee directors elected by stockholders who have been employed by NetApp for at least three years prior to election day; one nominee selected by each nominating committee member; one nominee selected jointly by both nominating committee members; one nominee recommended by proxy advisory firms Institutional Shareholder Services Inc., Glass Lewis & Co., LLC or ISS Proxy Advisory Services Limited as part of their respective processes for providing advice on director nominations based upon criteria such as integrity/characteristics required for service on boards generally accepted within public companies’ governance practices
Source : Google
Editor by : Softwarehubs