Pure Storage - M&A Summary and Business Overview

SoftwareCompany

Pure Storage M&A Summary

Pure Storage has acquired 6 companies, including 5 in the last 5 years.

Pure Storage’s largest acquisition to date was in 2020, when it acquired Portworx for $370M. Pure Storage has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include information technology (34%) and software (34%).

Pure Storage Business Overview

Where is Pure Storage headquartered?

Pure Storage is headquartered in Mountain View, California.

What is Pure Storage’s revenue?

Pure Storage disclosed revenue of 2,753M USD for 2023 and 2,181M USD for 2022.

How many employees does Pure Storage have?

Pure Storage has 3,800 employees.

What sector is Pure Storage in?

Pure Storage is a software company.

When was Pure Storage founded?

Pure Storage was founded in 2009.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 4
  • Total Countries Invested 3

Pure Storage

Pure Storage, Inc.

650 Castro Street Suite 400,
Mountain View, California 94041
United States,
(800) 379-7873
www.purestorage.com

Pure Storage helps innovators build a better world with data. Pure's data solutions enable SaaS companies, cloud service providers, and enterprise and public sector customers to deliver real-time, secure data to power their mission-critical production, DevOps, and modern analytics environments in a multi-cloud environment. One of the fastest growing enterprise IT companies in history, Pure Storage enables customers to quickly adopt next-generation technologies, including artificial intelligence and machine learning, to help maximize the value of their data for competitive advantage. And with a Satmetrix-certified NPS customer satisfaction score in the top one percent of B2B companies, Pure's ever-expanding list of customers are among the happiest in the world. Pure Storage was founded in 2009 and is based in Mountain View, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 2 1 - - - 3 6
vol $370M $370M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
CoreWeave 2024-11-13 - Stake Purchase
Roseland, New Jersey · www.coreweave.com
Cerabyte GmbH 2024-07-30 - Stake Purchase
Munich, Germany
LandingAI 2024-06-05 - Growth Capital
Palo Alto, California · www.landing.ai
Portworx, Inc. 2020-09-16 370M USD Add-on Acquisition
Los Altos, California · www.portworx.com
Compuverde AB 2019-04-02 - Add-on Acquisition
Karlskrona, Sweden · www.compuverde.com
StorReduce 2018-08-21 - Add-on Acquisition
Sunnyvale, California · www.storreduce.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 2 (33%) 370M (100%) - -
Software 2 (33%) - - -
Internet Software and Services 1 (17%) - - -
Technology Hardware 1 (17%) - - -
Total 6 $370M - -

By Geo

State/Country Buy Value Sell Value
United States 4 370M - -
  California 3 370M - -
  New Jersey 1 - - -
Germany 1 - - -
Sweden 1 - - -
Domestic 4 (67%) 370M (100%) - -
Cross-border 2 (33%) - - -
Total 6 $370M - -

Deal Values

buy # Total
$100M to $1B 1 $370M
TOTAL $370M
Largest Portworx, Inc.
$370M (2020-09-16)

Company Summary

SECTOR

Software

Revenue

2,753   27% 2023
2,181   30% 2022
1,684   3% 2021
1,643   21% 2020
1,360   33% 2019
1,023   41% 2018
728   66% 2017
440   153% 2016
174   305% 2015
43   2014
(millions of USD) Show More Show Less

Employees

3,800

Established

2009

Public

NYSE: PSTG

Former Name

OS76, Inc.

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