NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in San Jose, California. It has ranked in the Fortune 500 from 2012 to 2021. Founded in 1992 with an IPO in 1995, NetApp offers cloud data services for management of applications and data both online and physically. History NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm as Network Appliance, Inc. At the time, its major competitor was Auspex Systems. In 1994, NetApp received venture capital funding from Sequoia Capital. It had its initial public offering in 1995. NetApp thrived in the internet bubble years of the mid 1990s to 2001, during which the company grew to $1 billion in annual revenue. After the bubble burst, NetApp's revenues quickly declined to $800 million in its fiscal year 2002. Since then, the company's revenue has steadily climbed. In 2006, NetApp sold the NetCache product line to Blue Coat Systems. In 2008, Network Appliance officially changed its legal name to NetApp, Inc., reflecting the nickname by which it was already well-known. On June 1, 2015, Tom Georgens stepped down as CEO and was replaced by George Kurian. In May 2018 NetApp announced its first End to End NVMe array called All Flash FAS A800 with release of ONTAP 9.4 software. NetApp claims over 1.3 million IOPS at 500 microseconds per high-availability pair. In January 2019 Dave Hitz announced retirement from NetApp. Acquisitions 1997 Internet Middleware (IMC) acquired for $10.5 million. IMC's web proxy caching software became the NetCache product line (which was resold in 2006). 2004 Spinnaker Networks acquired for $300 million. Technologies from Spinnaker integrated into Data ONTAP GX and first released in 2006, later Data ONTAP GX become Clustered Data ONTAP 2005 Alacritus acquired for $11 million. The tape virtualization technology Alacritus brought to NetApp was integrated into the NetApp NearStore Virtual Tape Library (VTL) product line, introduced in 2006. 2005 Decru: Storage security systems and key management. 2006 Topio acquired for $160 million. Software that helped replicate, recover, and protect data over any distance regardless of the underlying server or storage infrastructure. This technology became known as ReplicatorX (Open System SnapVault), and has since been abandoned. 2008 Onaro acquired for $120 million. Storage service management software which helps customers manage storage more efficiently with guaranteed service levels for availability and performance. Onaro's SANscreen technology launched as such and probably later