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NetApp Crafts Kubernetes Service with StackPointCloud Buyout
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In a bid to release Kubernetes service, NetApp (NTAP - Free Report) recently acquired StackPointCloud, a provider of cloud-based Kubernetes as-a-service (“KaaS”). However, the financial terms of the deal have been kept under wraps.
NetApp Kubernetes service is touted to be one-of-a-kind comprehensive Kubernetes platform designed for multi-cloud deployments. The service can be availed by customers at cloud.netapp.com, enabling them to deploy and administer applications and clusters across the cloud platforms in real time.
The new service supports cloud-based stack for leading cloud platforms, comprising Amazon’s (AMZN - Free Report) Amazon Web Services, Microsoft’s (MSFT - Free Report) Azure, Alphabet’s (GOOGL - Free Report) Google Cloud, and company’s hyper converged infrastructure (“HCI”) named NetApp HCI.
In an effort to devise an end-to-end DevOps solution, StackPointCloud’s KaaS platform will be integrated with NetApp’s Cloud Data Services.
Notably, NetApp stock has returned 53.6% year to date, substantially outperforming industry’s rally of 8.1%. This outperformance can primarily be attributed to its rapidly expanding efforts in hybrid cloud based developments.
KaaS Platform Capabilities: A Key Catalyst
NetApp is poised well to gain from the expertise of StackPointCloud’s team as StackPointCloud is a notable contributor to the Kubernetes project. The users of the latest service will benefit from comparatively smoother application and data management by leveraging cloud platforms.
In the words of Anthony Lye, senior vice president & general manager of NetApp’s Cloud Data Services business unit, “This acquisition will benefit customers looking to simplify the delivery of data and applications in clouds, across clouds and hybrid clouds.”
StackPointCloud’s KaaS platform bolsters the application orchestration capabilities of the company’s Data Fabric. When combined with NetApp Cloud Volumes and Trident, the service can provide application orchestration for multiple cloud platforms.
The company intends to address the complexity and scale challenges accompanied by data gravity with the new service.
Cloud Based Initiatives Hold Promise
NetApp is increasingly focused on strengthening its hybrid cloud domain with new capabilities. The StackPointCloud buyout is in sync with company’s cloud-based vision. Further, adoption of company’s differentiated product portfolio and strong distribution channels are expected to bolster the topline going ahead.
In the recent past, NetApp has announced new FlexPod solutions to simplify the delivery of cloud infrastructure and provide focused industry-specific applications.
Expanded partnership with Azure for the development of the industry’s first cloud-based enterprise, Network File System (“NFS”) delivered via Azure holds promise. Moreover, the company looks to widen its reach with the announcement of NFLEX converged infrastructure with Fujitsu management.
To Conclude
NetApp is well positioned to benefit from its cloud-integrated all-flash solutions that integrate with HCI.
The company’s expertise in the flash array market is aiding its popularity in storage area network (“SAN”) and converged infrastructure markets.
We believe NetApp HCI is anticipated to boost the top line going forward driven by StackPointCloud buyout.
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Image: Bigstock
NetApp Crafts Kubernetes Service with StackPointCloud Buyout
In a bid to release Kubernetes service, NetApp (NTAP - Free Report) recently acquired StackPointCloud, a provider of cloud-based Kubernetes as-a-service (“KaaS”). However, the financial terms of the deal have been kept under wraps.
NetApp Kubernetes service is touted to be one-of-a-kind comprehensive Kubernetes platform designed for multi-cloud deployments. The service can be availed by customers at cloud.netapp.com, enabling them to deploy and administer applications and clusters across the cloud platforms in real time.
The new service supports cloud-based stack for leading cloud platforms, comprising Amazon’s (AMZN - Free Report) Amazon Web Services, Microsoft’s (MSFT - Free Report) Azure, Alphabet’s (GOOGL - Free Report) Google Cloud, and company’s hyper converged infrastructure (“HCI”) named NetApp HCI.
In an effort to devise an end-to-end DevOps solution, StackPointCloud’s KaaS platform will be integrated with NetApp’s Cloud Data Services.
Notably, NetApp stock has returned 53.6% year to date, substantially outperforming industry’s rally of 8.1%. This outperformance can primarily be attributed to its rapidly expanding efforts in hybrid cloud based developments.
KaaS Platform Capabilities: A Key Catalyst
NetApp is poised well to gain from the expertise of StackPointCloud’s team as StackPointCloud is a notable contributor to the Kubernetes project. The users of the latest service will benefit from comparatively smoother application and data management by leveraging cloud platforms.
In the words of Anthony Lye, senior vice president & general manager of NetApp’s Cloud Data Services business unit, “This acquisition will benefit customers looking to simplify the delivery of data and applications in clouds, across clouds and hybrid clouds.”
StackPointCloud’s KaaS platform bolsters the application orchestration capabilities of the company’s Data Fabric. When combined with NetApp Cloud Volumes and Trident, the service can provide application orchestration for multiple cloud platforms.
The company intends to address the complexity and scale challenges accompanied by data gravity with the new service.
Cloud Based Initiatives Hold Promise
NetApp is increasingly focused on strengthening its hybrid cloud domain with new capabilities. The StackPointCloud buyout is in sync with company’s cloud-based vision. Further, adoption of company’s differentiated product portfolio and strong distribution channels are expected to bolster the topline going ahead.
In the recent past, NetApp has announced new FlexPod solutions to simplify the delivery of cloud infrastructure and provide focused industry-specific applications.
Expanded partnership with Azure for the development of the industry’s first cloud-based enterprise, Network File System (“NFS”) delivered via Azure holds promise. Moreover, the company looks to widen its reach with the announcement of NFLEX converged infrastructure with Fujitsu management.
To Conclude
NetApp is well positioned to benefit from its cloud-integrated all-flash solutions that integrate with HCI.
The company’s expertise in the flash array market is aiding its popularity in storage area network (“SAN”) and converged infrastructure markets.
We believe NetApp HCI is anticipated to boost the top line going forward driven by StackPointCloud buyout.
Zacks Rank
NetApp sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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