Add-on Acquisition • Software

Fungible Acquires Cloudistics

On September 24, 2020, Fungible acquired software company Cloudistics

Acquisition Context

This is Fungible’s 1st transaction in the Software sector.
This is Fungible’s 1st transaction in the United States.
This is Fungible’s 1st transaction in Virginia.

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M&A Deal Summary
Date	September 24, 2020
Target	Cloudistics
Sector	Software
Buyer(s)	Fungible
Deal Type	Add-on Acquisition

Target Company

Cloudistics

Reston, Virginia, United States

Cloudistics is an on-premises cloud computing company, delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a single platform to drive unprecedented simplicity in the datacenter. Cloudistics was formed in 2013 and is based in Reston, Virginia.

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Buyer Overview 1

Buyer

Fungible

Santa Clara, California, United States

Category	Company
Founded	2015
Sector	Information Technology

DESCRIPTION

Fungible is a provider of data-centric computing and revolutionizing the performance, economics, reliability, and security of scale-out data centers. Fungible was formed in 2015 and is based in Santa Clara, California.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: Virginia	1 of 1
Country: United States	1 of 1
Year: 2020	1 of 1

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