-40%
CA. Network Appliance, Inc., 1990s Odd Shrs Specimen Stock Cert., XF ABN Blue
$ 24.28
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CA. Network Appliance, Inc., 1990s Odd Shrs Specimen Stock Cert., XF ABN Blue. NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm. 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 billion in annual revenue. After the bubble burst, NetApp's revenues quickly declined to 0 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 2014, NetApp acquired Riverbed Technology's SteelStore line of data backup and protection products, which it later renamed as AltaVault. On June 1, 2015, Tom Georgens stepped down as CEO and was replaced by George Kurian. In December 2015 (closing in January 2016), NetApp acquired flash storage vendor SolidFire for 0 million. with its Active IQ software available for end users as web-based GUI service for monitoring and prediction of storage systems performance and availability.
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