The story
Cache IQ was formed in 2010 and built its product from intellectual property it purchased from the defunct Austin-based startup StorSpeed Inc. The company was co-founded by Austin software executive Joel Trammell, who had earlier founded NetQoS, a network performance management company acquired by CA Technologies in 2009 for $200 million.
In 2011, Cache IQ raised $6 million from 27 private investors. Trammell said the company had planned to raise venture capital but changed course when venture investors showed little interest in enterprise software deals. The company had 14 employees in 2011.
Acquisition by NetApp
On November 14, 2012, NetApp announced a definitive agreement to acquire Cache IQ, saying the deal would give it intellectual property to support nondisruptive operations in enterprise data center environments, to be integrated into NetApp's products over time.
NetApp did not disclose financial terms at the time,
From Wikipedia’s article on Cache IQ, shared under CC BY-SA 4.0.3