NetApp acquired Greenqloud at the beginning of Q2 2017.

NetApp, a public company that sells online storage, announced the acquisition of Greenqloud, a Reykjavik, Iceland-based developer of technology for enterprise-scale cloud management.

The deal was announced by NetApp CEO George Kurian, while discussing the financial results of the company:

"At the start of Q2, we acquired Greenqloud, a private start-up company that created a cloud services orchestration and management platform for hybrid-cloud and multi-cloud environments. Greenqloud augments our team and accelerates our leadership in hybrid cloud data services by providing NetApp with a scalable architecture, unique technology, and expertise that enhances our ability to integrate and deliver cloud data services."

The financial details of the transaction remain undisclosed. Prior to its acquisition, Greenqloud raised $4 million from four investors, including Keel Investments, Kelly Ireland, Novator and Technology Development Fund.

later edit: NetApp paid $51M in cash for Greenqloud