.
MergerLinks Header Logo

New Deal


Announced

Pure Storage to acquire Portworx for $370m.

Financials

Edit Data
Transaction Value£287m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

software solutions

United States

Single Bidder

data management software

Majority

Friendly

Private

Software

Acquisition

Domestic

Pending

Venture Capital

Private Equity

Synopsis

Edit

Pure Storage, an IT company that delivers storage-as-a-service, agreed to acquire Portworx, a data services platform enterprises, from venture capital firms NetApp, Mayfield Fund, Sapphire Ventures, Cisco Investments, GE Ventures, Hewlett Packard Enterprise Company and Mubadala Ventures for $370m. "As forward-thinking enterprises adopt cloud-native strategies to advance their business, we are thrilled to have the Portworx team and their groundbreaking technology joining us at Pure to expand our success in delivering multi-cloud data services for Kubernetes. This acquisition marks a significant milestone in expanding our Modern Data Experience to cover traditional and cloud-native applications alike," Charles Giancarlo, Pure Storage Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US