ANU Vice-Chancellor Professor Brian Schmidt said NetApp’s acquisition of Instaclustr “transforms a local company into a global giant”.
“Today’s news is massive for ANU, it’s massive for Canberra, it’s massive for Australia and it’s massive for every university across our nation. Most of all, it is massive for Instaclustr,” he said.
“The acquisition of Instaclustr, which started out with some clever ideas in a co-working space on the ANU campus, by one of the world’s leading software companies demonstrates how our universities are creating the jobs, products and industries of tomorrow today.
“This is exactly the kind of innovation ANU is set up to deliver for Australia and the world and something we deliver day in, day out.”
Professor Schmidt said ANU was one of the first universities in the world to establish a VC fund.
“ANU Connect Ventures backed Instaclustr from day one and led the first few investment rounds in Instaclustr. Our willingness to invest first allowed other investors to back our judgement and invest alongside us.
“The returns to the University from this investment will now seed our new activities for years to come.”
OIF Ventures Partner Jerry Stesel said: “Having backed the founders and team at the Seed stage it has been an incredible journey to watch them execute flawlessly on their vision to be a globally leading technology business.”