NetApp, Oracle building managed storage service for OCI
NetApp and Oracle are developing a managed storage service for Oracle Cloud Infrastructure, integrating NetApp's ONTAP data management. The service aims to ease cloud migration and management of AI and enterprise workloads, with a launch expected within 12 months. According to NetApp, it will minimize application redesign and storage management changes.
How this was made
The 30-second read
Why it matters
The joint service aims to simplify migration of AI and enterprise workloads to OCI, potentially increasing cloud spend for both companies.
Market read
The partnership could boost both NetApp and Oracle's cloud revenue streams, with modest near‑term trading relevance.
What to watch
Pricing, integration complexity, and existing vendor lock‑in could limit uptake.
Background
The announcement follows a trend of cloud providers partnering with specialized storage vendors to broaden service offerings.
Ticker impact
NetApp announced a fully managed storage service on Oracle Cloud Infrastructure, its first native OCI offering.
likely upward pressure as customers adopt the new OCI storage solution
The partnership opens a new revenue stream and strengthens NetApp's cloud positioning.
Oracle introduced a managed storage service powered by NetApp ONTAP, enhancing OCI's storage portfolio.
potential modest upside as the service drives OCI usage
The addition differentiates Oracle's cloud offering and may increase cloud spend from existing customers.
Market effects
Strengthens the cloud infrastructure and enterprise storage sectors, may pressure competitors.
U.S. cloud and storage markets see incremental growth.
Relevant for global enterprises adopting hybrid cloud solutions.
Counterpoint
Adoption could be slower if customers favor existing storage providers or multi-cloud strategies.
Key entities
- ExecutivePravjit Tiwana
NetApp SVP and GM for Cloud Storage and Services
- ExecutiveKonstantinos Papamiltiadis
Oracle OCI SVP of Partnerships
