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NetApp history
NetApp company history timeline
NetApp got its start in 1992, back when using the internet meant dialing up and hearing beeps, crackles, and eeps.
NetApp's fiscal year ended in April, which meant no revenues were collected for the year because the company did not ship its first products until June 1993.
NetApp's first network appliance product line, shipped in June 1993, set the company apart from industry competitors.
1993: The company ships its first products in June.
At the end of 1993, six months after NetApp shipped its first products, the company recorded an $836,000 loss.
Malcolm stepped down and Warmenhoven took his place, joining NetApp in October 1994.
In fiscal 1994, the company registered $2.2 million in sales, but posted a loss of $1.8 million.
The first ever functional product introduced to the market was the filer in the year 1994.
In 1994, NetApp received venture capital funding from Sequoia Capital.
1995: Network Appliance completes its initial public offering of stock.
By 1996, the company had established a presence stretching from coast to coast, operating sales offices in California, Colorado, Massachusetts, Maryland, Michigan, Minnesota, New Jersey, New York, Oregon, Texas, Virginia, and in the District of Columbia.
The financial growth recorded in 1996 was the beginning of NetApp's impressive transformation into one of the most successful computer companies in the nation.
In 1996, the company posted its first annual profit, recording $6.6 million in net income.
To take advantage of the new opportunities, the company completed a second stock offering in April 1999, raising $123 million.
In June 1999, the company moved into the first of three buildings in Sunnyvale, California.
In mid-1999, NetApp announced it was moving out of its headquarters in Santa Clara, California, opting for larger quarters to accommodate its growth.
1999: Network Appliance relocates from Santa Clara to Sunnyvale, California.
By 2002, a discernible shift in the source of the company's business had occurred, with 60 percent of annual sales coming from customers in financial services, the federal government, telecommunications, energy, and manufacturing.
Looking ahead from 2002, prognostications were sanguine, an attitude projected by Warmenhoven.
After the bubble burst, NetApp's revenues quickly declined to $800 million in its fiscal year 2002.
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.
Founded by David, Michael and James in the financial year of 1992, NetApp has come a long way. It was the year of 2012 when NetApp made a spectacular debut in the Fortune 500 list.
The Great Place to Work Institute recently named NetApp #3 on its “World’s Best Multinational Workplaces List 2013” -the world’s largest annual study of workplace excellence, for the third year in a row.
FORTUNE Magazine also ranked us #33 on their “100 Best Companies To Work For” list for 2014.
On June 1, 2015, Tom Georgens stepped down as CEO and was replaced by George Kurian.
In 2015, NetApp acquired SolidFire as a part of its expansion.
In May 2018 NetApp announced its first End to End NVMe array called All Flash FAS A800 with release of ONTAP 9.4 software.
In January 2019 Dave Hitz announced retirement from NetApp.
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NetApp competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| VMware | 1998 | $13.4B | 31,000 | 2 |
| IBM | 1911 | $62.8B | 270,000 | 3,564 |
| Cisco | 1984 | $53.8B | 79,500 | 1,712 |
| Computer Science Corporation | 1959 | $7.6B | 66,000 | - |
| Pure Storage | 2009 | $3.2B | 2,800 | 279 |
| Riverbed Holdings, Inc. | 2014 | $1.2B | 2,354 | 21 |
| Oracle | 1977 | $53.0B | 132,000 | 51,799 |
| Sunrise Systems | 1990 | $12.0M | 751 | 6 |
| Salesforce | 1999 | $37.9B | 56,606 | 1,157 |
| Adobe | 1982 | $21.5B | 11,847 | 877 |
NetApp history FAQs
Zippia gives an in-depth look into the details of NetApp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about NetApp. The employee data is based on information from people who have self-reported their past or current employments at NetApp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by NetApp. The data presented on this page does not represent the view of NetApp and its employees or that of Zippia.
NetApp may also be known as or be related to NetApp, NetApp Inc, NetApp Systems (India) Pvt Ltd., NetApp, Inc., Netapp, Netapp, Inc. and Network Appliance Inc.