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Announced

Completed

Quantum completed the acquisition of ActiveScale from Western Digital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private

data-as-a-service

Majority

Acquisition

Single Bidder

United States

data storage

data management

Friendly

Data Centers and Hosting

Synopsis

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Quantum, a storage and video management service provider, completed the acquisition ActiveScale, a data center services business of Western Digital, a data storage company. Financial terms were not disclosed. "The strategic acquisition of ActiveScale bolsters our existing product portfolio and expands our addressable market providing critical software capabilities that enhance our go to market strategy with minimal risk to Quantum. With engineers who developed ActiveScale's erasure-coded object store software now on our team, we are in a position to pursue new object solutions truly optimized for managing video and other unstructured data," Jamie Lerner, Quantum President and CEO.

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