Announced
Financials
Tags
software solutions
United States
Single Bidder
data management software
Majority
Friendly
Private
Software
Acquisition
Domestic
Pending
Venture Capital
Private Equity
Synopsis
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.
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