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NetApp (NASDAQ:NTAP) Announces Collaboration with Verizon (NYSE:VZ)

NetApp (NASDAQ:NTAP) Announces Collaboration with Verizon (NYSE:VZ)


NetApp (NASDAQ:NTAP) Announces Collaboration with Verizon (NYSE:VZ)

NetApp Collaboration with VerizonNEW YORK – Last week, NetApp (NASDAQ:NTAP) and Verizon Enterprise Solutions (NYSE:VZ) announced a collaboration to deliver second-generation cloud-based storage models to deliver NetApp’s Data ANTAP as a virtual storage solution to Verizon’s cloud clients.  The solution has been positioned to deliver on the software-defined storage, adding additional deployment and management flexibility for clients implementing Verizon Cloud Compute and Verizon Cloud Storage.

Data ONTAP is part of a software-defined infrastructure management layer that adds NetApp enterprise-grade efficiency, data protection, and manageability on top of Verizon’s high-performance cloud infrastructure.  When teamed, the solution will help Verizon’s customers to manage data and workloads via hybrid cloud models.

According to John Considine, CTO of Verizon Terremark,

‘Teaming with NetApp reinforces our commitment to revolutionize how cloud-based solutions are delivered and will serve as a complement to traditional on-premises, hardware-based storage models.  As more enterprises embrace the cloud, businesses both large and small will look to virtualization for greater functionality to enhance business operations.’

When asked about the collaboration, NetApp Vice President of Cloud Solutions Group, Phil Brotherton said,

‘NetApp is committed to working with Verizon, and other leading service provider visionaries to unlock the value of our software in innovative software-defined cloud architectures that bring more choices and new value to customers.  As enterprises increasingly look to combine public and on-premises cloud resources to optimize IT efficiency and business flexibility, Data ONTAP provides a universal data management platform to facilitate data and workload movement across multicloud environments.’

In related news, NetApp was recognized as the number three best place to work in the world last week, behind Google (NASDAQ:GOOG) and SAS (SE:SAS) and one place ahead of Microsoft (NASDAQ:MSFT).  According to Tom Georgens, President and CEO of NetApp, ‘it is a great honor to be selected for a third straight year as one of the top workplaces in the world.  NetApp’s employees love to make a difference and are passionate about working with our customers, partners, and communities to achieve great results.’

Shares in NetApp have experienced decent returns this year with year-to-date growth of 20 percent.  However, they are well off all-time highs achieved in the early-2000.  While NetApp is not the most famous of NASDAQ 100 components the collaboration with Verizon could be worth watching, especially as the company seeks to position themselves as a leader in cloud-based solutions.

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Eric Kelso covers market updates and stock related news.

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