SUNNYVALE, Calif.-July 21,2011-NetApp (NASDAQ: NTAP) today announced that it wasranked #34 out of 100 on Forbes magazine’s “World’s MostInnovative Companies” list for 2011. NetApp was recognized forbuilding a culture of innovation that has transformed thefoundation of its customers’ business and been a catalyst to theirsuccess. Most importantly, NetApp® innovation provides itscustomers with the technology, products, people, and service thatallow them to outpace, outinnovate, and outperform theircompetition to achieve remarkable results for their business.
“NetApp is honored to be identified as aglobal innovator-this is great recognition of the innovative spiritthat is at the core of NetApp’s DNA,” said Tom Georgens, presidentand CEO of NetApp. “NetApp was built on a culture of innovationthat has pushed the boundaries of what is possible. We are focusedon innovating in all aspects of our business to create a clearcompetitive advantage. Forbes’s recognition is the result of ouremployees’ commitment to creating an environment where innovationthrives and hard work leads to better business outcomes for NetApp,our customers, and our partners.”
Innovation Fueling NetApp’s Growthand Success
NetApp’s commitment to making its customerssuccessful with breakthrough innovation has resulted in growth thatonly a select group of companies have achieved. NetApp hashistorically been recognized throughout the industry forcontinually pushing the limits of today’s technology and being atthe forefront of major market shifts by delivering product andtechnology innovation that has fueled its customers’ success. Thisinnovation has continued today as NetApp has deliveredunprecedented efficiency and flexibility for customers to respondquickly to their rapidly changing business needs. This stream ofnew innovations, many of them around new technologies and aroundnew markets, continues to fuel NetApp’s growth.
NetApp is also currently ranked as a “Top 10″best place to work around the globe for 2011 by the Great Place toWork Institute, based on a unique corporate culture that valuescreativity, teamwork, open communication, leadership, adaptability,and trust. This culture drives NetApp’s innovative technologies,products, and business strategies. By living these values, NetAppemployees are empowered to develop new ideas every day and continueto make breakthroughs happen for its customers.
About the Forbes Most InnovativeCompanies List
The “World’s Most Innovative Companies” listaims to identify which leading-edge corporations are most likely tosucceed now and in the future based on an eight-year study byHarvard Business School professor and master of disruptiveinnovation Clayton M. Christensen, along with colleagues Jeff Dyer,a professor at Brigham Young University, and Hal B. Gregersen, aprofessor of leadership at INSEAD, and also found in their newlyreleased book, The Innovator’s DNA. The methodology relieson investors to identify the companies they expect to be innovativetoday and in the future.
Embedded in each of these companies is a codefor innovation, discernible in their people, processes, andphilosophies-what Forbes refers to as a “3P” framework forunderstanding the DNA of innovative organizations. What does theaverage company need to achieve in these areas to spark aninnovation premium? It needs a fundamental change within seniormanagers (some mastery of the five discovery skills), changes inhow their innovation project teams work (processes that supportinnovation), and changes in philosophies that foster the beliefthat innovation really is everyone’s job.
The full list of winners and related storieswill appear in the August 8 issue of Forbes and isavailable now online at www.forbes.com/special-features/innovative-companies.html.
- Watch Dave Hitz speak with Forbes Publisher RichKarlgaard about what innovation means to NetApp: video.forbes.com/fvn/innovation-11/netapp-taking-clayton-christensen-book-to-heart
- Read Dave Hitz’s blog to learn more about NetApp’s inclusion onthe list: blogs.netapp.com/dave/
- Read Val Bercovici’s blog to learn more about what making thelist means to NetApp: blogs.netapp.com/exposed/
- Follow NetApp on Twitter: www.twitter.com/NetApp
- Join NetApp on Facebook: www.facebook.com/NetApp
- View NetApp videos on YouTube: www.youtube.com/NetAppTV
- Connect with NetApp on LinkedIn: www.linkedin.com/groups?about=&gid=111681
- How is your company innovative? Share your story of innovationon the NetApp communities: communities.netapp.com/thread/16004
NetApp creates innovative storage and data management solutionsthat deliver outstanding cost efficiency and accelerate businessbreakthroughs. Discover our passion for helping companies aroundthe world go further, faster at www.netapp.com.
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