Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Sep. 20, 11:33 PM
| This Slide: #14 of 100 |
Slide #14. Pure Storage — Portworx
Acquirer:
Pure Storage (NYSE:PSTG)
Acquiree:
Portworx
Details:
Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced it has entered into a definitive agreement to acquire Portworx, the leading Kubernetes data services platform enterprises trust to run mission-critical applications in containers in production, for approximately $370 million in cash. This deal represents Pure's largest acquisition to date and the company's deeper expansion into the fast-growing market for multi-cloud data services to support Kubernetes and containers.
Pure Storage provides solutions that serve data workloads on-premise, in the cloud, or hybrid environments and include production, test/development, analytics, disaster recovery, and backup/recovery. Co.'s data platform of products and subscription services consist of Cloud Data Infrastructure (integrated hardware and software appliances which run in on-premise data centers), Cloud Data Services (software services which run in public cloud infrastructures), and Cloud Data Management (software hosted data management services to manage its entire platform).
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