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NetApp, Inc., formerly Network Appliance, Inc., is a proprietary computer storage and data management company headquartered in Sunnyvale, California. It is a member of the NASDAQ-100 and is also "Fortune" magazine 's seventh best place to work
NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm.[2][4] At the time, its major competitor was Auspex. In 1994, NetApp received venture capital funding from Sequoia Capital.[5] 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 revenues have steadily climbed.
On August 19, 2009, Dan Warmenhoven stepped down as CEO and was replaced by Tom Georgens.
Strengths
* High R&D
* Innovation
* Strong management team
* Strong brand equity
* Supply chain
Weaknesses
* Low market share
* Strong competitors in the same markets.
Opportunities
* Emerging markets and expansion abroad
* Innovation
* Product and services expansion
Threats
* Competition
* Cheaper technology
* Economic slowdown
* Lower cost competitors or imports
* Maturing categories, products, or services
NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm.[2][4] At the time, its major competitor was Auspex. In 1994, NetApp received venture capital funding from Sequoia Capital.[5] 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 revenues have steadily climbed.
On August 19, 2009, Dan Warmenhoven stepped down as CEO and was replaced by Tom Georgens.
Strengths
* High R&D
* Innovation
* Strong management team
* Strong brand equity
* Supply chain
Weaknesses
* Low market share
* Strong competitors in the same markets.
Opportunities
* Emerging markets and expansion abroad
* Innovation
* Product and services expansion
Threats
* Competition
* Cheaper technology
* Economic slowdown
* Lower cost competitors or imports
* Maturing categories, products, or services