Announced
Completed
Financials
Tags
Completed
Private
data-as-a-service
Majority
Acquisition
Single Bidder
United States
data storage
data management
Friendly
Data Centers and Hosting
Synopsis
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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