NetApp Buys Boston/Israeli Startup Onaro For $120 Million
Onaro develops storage-management software that allows Storage Area Network (SAN) to “be mapped, predictively tested, and monitored.” The company was founded in 2002 and in 2005 was courted by Cisco. NetApp is a leader in network-attached storage (NAS) devices. This acquisition should help it strengthen its SAN offerings.
This is a great exit for investors Cedar Ventures and Newbury Ventures which pumped a total of $10M into the company.