NetApp Agrees to Sell Some Software Assets to Thoma’s Flexera

NetApp Inc. has agreed to sell a portfolio of cloud software assets it acquired in recent years to Thoma Bravo-backed Flexera.

Flexera will buy the Spot by NetApp FinOps business from NetApp, according to a statement on Wednesday that confirmed an earlier Bloomberg News report. Financial terms were not disclosed.

The deal is valued at about $100 million and includes some businesses from NetApp’s acquisitions of startups Spot and CloudCheckr, people with knowledge of the matter said, asking not to be identified because the matter is private.

“The combination of Flexera and Spot deepens our ability to ...