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. NetApp was fifth in Fortune magazine's "100 Best Companies to Work For 2010", and third in the "25 Best Global Companies to Work For" list by Great Place to Work Institute in 2011. NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm. At the time, its major competitor was Auspex. 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 revenues have steadily climbed. In 2006 NetApp sold the NetCache product line to Blue Coat Systems, Inc.. On August 19, 2009, Dan Warmenhoven stepped down as CEO and was replaced by Tom Georgens. The line of NetApp filers was the company's flagship since the very beginning.
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| NASDAQ symbol: | NTAP |
| Founded: | 1992 |
| Founders: | David Hitz, James Lau, Michael Malcolm |
| Headquarters: | Sunnyvale, California |
| Annual revenue: | $3,406,390,000 |
| Net income: | $86,550,000 |
| Operating income: | $47,170,000 |
| Market cap: | $8,800,000,000 |
| Employees: | 6,600 |
| Industries: | Computer, Computer Storage Device Manufacturing |