Canberra software startup Instaclustr is being acquired by Nasdaq-listed US tech giant NetApp
Lilley, Instaclustr’s CEO, said data management platforms are increasingly essential companies looking for new ways to accelerate application development.
“Instaclustr’s growth has been driven by the fact that companies want to leverage open-source databases, pipelines, and workflow applications without overwhelming themselves with the complexity and cost of managing and operating them,” he said.
“We are excited for organisations building applications for their multi-cloud and hybrid cloud reality to benefit directly from Instaclustr’s data PaaS solutions along with NetApp and Spot by NetApp’s infrastructure solutions, while minimising operations burdens.”
ANU Vice-Chancellor Professor Brian Schmidt said NetApp’s acquisition of Instaclustr “transforms a local company into a global giant”.
“Today’s news is massive for ANU, it’s massive for Canberra, it’s massive for Australia and it’s massive for every university across our nation. Most of all, it is massive for Instaclustr,” he said.
“The acquisition of Instaclustr, which started out with some clever ideas in a co-working space on the ANU campus, by one of the world’s leading software companies demonstrates how our universities are creating the jobs, products and industries of tomorrow today.
“This is exactly the kind of innovation ANU is set up to deliver for Australia and the world and something we deliver day in, day out.”
Professor Schmidt said ANU was one of the first universities in the world to establish a VC fund.
“ANU Connect Ventures backed Instaclustr from day one and led the first few investment rounds in Instaclustr. Our willingness to invest first allowed other investors to back our judgement and invest alongside us.
“The returns to the University from this investment will now seed our new activities for years to come.”
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