NetApp bought Cognigo, a small Israeli data compliance and security supplier, for $70m last month, according to local reports.
Cognigo’s 35 staff will join NetApp at its development centre in Israel.
Cognigo was founded in 2016 as D.Day Labs by CEO Guy Leibovitz and raised $11m in two funding rounds.
Leibovitz published a letter about the NetApp acquisition on LinkedIn. “Cognigo’s technology will extend NetApp’s Cloud Volume ONTAP portfolio with an AI-driven compliance solution,” he wrote.
On a personal note he said: “The decision to be acquired was a bittersweet one, but I am certain it was the right one.
” In a short amount of time, we reached the escape velocity that every startup craves for. Revenue was tripling almost every quarter. We had a fast-growing number of clients including top banks, insurance and media companies worldwide.
“Our partnership with NetApp started early on, and I always saw a clear alignment of culture, values and vision. Joining forces with NetApp today, will allow us to reach a larger audience, and realise our mission at a faster pace.”