NetApp Completes Acquisition of PEAK:AIO to Accelerate Zettabyte-scale AI Deployments

(NASDAQ:NTAP) NetApp announced that it has completed the acquisition of PEAK:AIO. PEAK:AIO is described as a pioneer in next-generation metadata architecture and high-performance parallel file systems. The acquisition enables NetApp to leverage metadata services and parallel namespace innovations. These innovations are intended to power NetApp Novus, which is described as the fastest storage on the planet. NetApp Novus is designed to support zettabyte-scale file systems. The acquisition is positioned to address the most demanding workloads of AI cloud environments. The announcement states that the acquisition is complete. The release highlights NetApp's focus on intelligent data infrastructure. The transaction is expected to enhance NetApp's capabilities in high-performance storage. The announcement does not disclose the acquisition price. No financial terms, revenue figures, or user metrics are provided in the release. No specific executives or PEAK:AIO personnel are named in the announcement. No locations, court cases, or regulatory approvals are mentioned. The announcement emphasizes the technological benefits of the acquisition for NetApp's product portfolio. The release positions NetApp Novus as a key product benefiting from the acquisition.