Napatech and Netscout Enter Strategic Collaboration Agreement
COPENHAGEN, Denmark – April 14, 2023 – Napatech™ (OSLO: NAPA.OL), a leading provider of programmable Smart Network Interface Cards (SmartNICs) used for infrastructure processing (IPU) and data processing (DPU) in cloud, enterprise, and telecom datacenter networks, today announced that it has entered into a strategic collaboration agreement with NETSCOUT (NASDAQ: NTCT), a global leader in performance management, cybersecurity, and DDoS protection solutions. The agreement and associated $7.5M USD investment will expand and accelerate Napatech’s technology and product development in the rapidly growing SmartNIC market.
The companies benefit from a successful, long-term relationship that includes Napatech SmartNIC hardware and software solutions, which help improve the performance of Netscout’s applications. Napatech’s expertise and scale has routinely been leveraged by Netscout to meet the demanding requirements of Netscout’s market-leading solutions. The financial investment by NetScout signifies its confidence in Napatech’s future product and technology innovations and the SmartNIC market at large.
“We´re honored to extend our relationship with Netscout, from customer and partner to investor,” said Henrik Brill Jensen, Chief Executive Officer at Napatech. “Netscout is a proven industry leader reshaping how network and datacenter operators manage and secure their networks. Their expertise will help define our future direction, and their investment helps us to build upon our leadership position in our fast-growing market.”
For more information on the financial transaction, please see the investor information previously disclosed on February 17, 2023, at: https://newsweb.oslobors.no/message/582817.
Napatech is the leading supplier of SmartNIC solutions used in cloud, enterprise, and telecom datacenters. Through commercial-grade software suites integrated with high-performance hardware, Napatech accelerates network infrastructure and security workloads to deliver best-in-class system-level performance while maximizing the availability of server compute resources for applications and services. Additional information is available at: www.napatech.com.
Netscout protects the connected world from cyberattacks and performance and availability disruptions through the company’s unique visibility platform and solutions powered by its pioneering deep packet inspection at scale technology. Netscout serves the world’s largest enterprises, service providers, and public sector organizations. Learn more at www.netscout.com or follow @NETSCOUT on LinkedIn, Twitter, or Facebook.
No Forward-Looking Statements
This press release may contain forward-looking statements which are only predictions and may differ materially from actual future events or results due to a variety of factors, including but not limited to, business conditions, trends in the industry and markets, global economic and geopolitical conditions, macro-economic factors, and other risks and uncertainties set forth in Napatech’s reports. The matter discussed in this release is based on current expectations and may be subject to change. Napatech will not necessarily update this information.