The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Sep. 18, 8:53 AM

Slide #7. 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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Company Name: 
PURE Storage Inc
Website: 
www.purestorage.com
Sector: 
Application Software
Number of ETFs Holding PSTG: 
38
Total Market Value Held by ETFs: 
$457.09M
Total Market Capitalization: 
$4.10B
% of Market Cap. Held by ETFs: 
11.15%
 

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