Onaro. Acquired by NetApp (Nasdaq: NTAP)
Managing Storage as a Service
ONARO was a leader in Storage Service Management (SSM). The Company's solutions enabled enterprises to increase storage service quality, return on storage investment, and compliance by managing storage as a service.
Specifically, Onaro developed a Predictive Change Management software for Storage Area Networks (SANs). Onaro's SANscreen® software solution analyzed configuration changes' impact prior to implementation and provided continuous problem troubleshooting across an entire SAN. Onaro's products provided assurance and high application availability for the its customers, that included some of the world’s largest SANs.
Onaro was founded in 2002 as a Cedar Fund Pre-Seed investment.
The company was founded by four entrepreneurs, Shai Scharf, Roy Alon, Assaf Levi and Dr. Raphael Yahalom, with pre-seed funding from Cedar Fund. By the time it was acquired, Onaro has achieved impressive market presence and a lucrative customer base with a very attractive financial track record.
Onaro was acquired by Network Appliance, (NASDAQ:NTAP) in January of 2008, resulting in a great “exit” for all shareholders including founders and investors. Cedar Fund was the first investor in Onaro as well as the major equity holder in the Company.
Cedar Board: Amnon Shoham