SOURCE: Association for Corporate Growth

February 20, 2008 11:04 ET

NetApp Receives ACG Outstanding Corporate Growth Award

CHICAGO, IL--(Marketwire - February 20, 2008) - The Association for Corporate Growth (ACG), the premier professional organization focused on corporate growth, corporate development, and mergers and acquisitions, today named NetApp (NASDAQ: NTAP), the leader in advanced networked storage solutions, the winner of its Outstanding Corporate Growth Award.

"We are extremely pleased to recognize NetApp's exceptional performance with the ACG Outstanding Corporate Growth Award," said ACG Chairman Harris Smith, West Region Managing Partner of Grant Thornton LLP. "NetApp has shown unparalleled industry growth and innovation in a multitude of market sectors, with a strong focus on employees and long term investment value for customers."

NetApp is a Fortune 1000 Company, employing over 7,000 employees in 113 offices worldwide. Committed to delivering innovative solutions that help customers improve business processes, reduce operating costs, and achieve competitive business advantages, the company has experienced year-over-year industry leading revenue growth. Since inventing the network storage appliance in 1992, NetApp has brought to market many significant advancements in storage and data management technologies that increase the efficiency, security and reliability of enterprise storage systems.

"We believe that a strong customer focus coupled with a passion for innovation are key drivers of successful corporate growth," said Tom Georgens, president and COO of NetApp. "Our goal all along has been to build a company viewed as outstanding by our customers, partners, and employees. To be recognized for this award is a special honor that validates the above-and-beyond commitment of our team around the world to our business -- and more importantly the customers we serve."

Qualifications for the ACG Outstanding Corporate Growth Award, which has been presented for 23 years, include annual sales in excess of $500 million and a five-year history of successful growth. The ACG awards committee chose NetApp from a competitive selection of ACG Chapter award winners. NetApp was nominated by ACG Silicon Valley. In the past three years, the company has more than doubled its sales to more than $2.8 billion, and nearly tripled its profits from $708 million to $1.7 billion. NetApp has been one of the fastest growing storage vendors with a compounded growth rate of 33% over the past four years.

NetApp will be formally recognized at ACG InterGrowth, the world's largest and foremost middle market mergers & acquisitions and corporate growth event, April 9-11, 2008, in Orlando, Florida. For details on the conference, please visit www.acg.org.

"NetApp is truly a winner among many fine Silicon Valley companies," said ACG Silicon Valley Awards Committee co-chair, Glenn Daniel. He continued, "We are delighted with the opportunity to participate in NetApp's national recognition at ACG InterGrowth."

Previous winners of the ACG Outstanding Corporate Growth Award include Amgen; Brady Corp; Cisco Systems; Fortune Brands; Garmin; Harley-Davidson; Home Depot; Johnson Controls; Motorola; and Stryker.

About NetApp

NetApp is a leading provider of innovative data management solutions that simplify the complexity of storing, managing, protecting, and retaining enterprise data. Market leaders around the world choose NetApp to help them reduce cost, minimize risk, and adapt to change. For solutions that deliver unmatched simplicity and value, visit us on the web at www.netapp.com.

About ACG

Founded in 1954, the Association for Corporate Growth (ACG) is the leading global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at more than 11,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 53 chapters in North America and Europe. For more information, please visit: www.acg.org.

Contact Information

  • ACG Contact:
    Jen Dowd
    BackBay Communications, Inc.
    617-536-0255
    Email Contact

    NetApp Contact:
    Jodi Baumann
    NetApp
    408-822-3974
    Email Contact