NetApp Company Profile
NetApp, Inc. (NASDAQ: NTAP), formerly Network Appliance, Inc., is a proprietary computer storage and data management company headquartered inSunnyvale, California. It is a member of the NASDAQ-100 and ranks as the number one place to work on the Fortune 1000.
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.
On August 19, 2009, Dan Warmenhoven stepped down as CEO and was replaced by Tom Georgens.
NetApp also has a long history of making "Best Places to Work" lists. The company ranked first on Fortune's 100 Best Companies to Work For for 2009. This is the seventh consecutive year NetApp has earned a spot on the list, placing in the top 50 each time. NetApp also earned top honors in the "Best Companies to Work for in Research Triangle Park" competition in 2006. Other previous distinctions include making ComputerWorld's "Top 100 Places to Work in IT 2005", "Best Places to Work" in the Greater Bay Area in 2006 by the San Francisco Business Times and the Silicon Valley/San Jose Business Journal, and the 8th spot on the 2006 list of "Best Workplaces in Germany" by Capital Magazine. NetApp Canada was ranked #2 by the Great Place to Work Institute on the 75 Best Workplaces list for 2010.
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