NetApp Acquires Cloud Analytics Provider Data Mechanics For Undisclosed Sum

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Cloud-led, data-centric software company NetApp Inc (NASDAQ:NTAP) has acquired Data Mechanics, a managed platform provider for big data processing and cloud analytics.
The financial terms of the transaction remain undisclosed.
Data Mechanics' offices in Paris, France, helps businesses capitalize on Apache Spark, an open-source unified analytics engine for large-scale data processing and machine learning, in Kubernetes.
Data Mechanics' team and IP will be integrated with the Spot by NetApp team and portfolio to fast-track the development of NetApp's recently announced Spot Wave solution, which simplifies, optimizes, and automates Spark workloads running in public clouds.
Data Mechanics will make it simpler and more cost-effective for organizations across all industries to fully leverage Apache Spark and Kubernetes to advance their data and cloud initiatives, NetApp SVP Anthony Lye said.
NetApp held $4.6 billion in cash and equivalents as of Apr. 30, 2021.
Price action: NTAP shares closed higher by 1.62% at $79.43 on Monday.

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