M&A Deal Summary

IBM Acquires DataStax

On February 25, 2025, IBM acquired software company DataStax from Crosslink Capital

Acquisition Highlights
  • This is IBM’s 110th transaction in the Software sector.
  • This is IBM’s 144th transaction in the United States.
  • This is IBM’s 47th transaction in California.

M&A Deal Summary

Date 2025-02-25
Target DataStax
Sector Software
Buyer(s) IBM
Sellers(s) Crosslink Capital
Deal Type Add-on Acquisition

Target

DataStax

Santa Clara, California, United States
DataStax is a provider of database software for cloud operations. DataStax is an experienced partner in on-premises, hybrid, and multi-cloud deployments and offers a suite of distributed data management products and cloud services. DataStax was founded in 2010 and is based in Santa Clara, California.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States

Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


DEAL STATS #
Overall 200 of 204
Sector: Software M&A 110 of 111
Type: Add-on Acquisition M&A Deals 177 of 181
State: California M&A 47 of 48
Country: United States M&A 144 of 147
Year: 2025 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-16 Applications Software Technology

Lisle, Illinois, United States

Applications Software Technology is a full-service enterprise solution provider, guiding digital transformation for clients in the Government and Commercial Sectors. Applications Software Technology is based in Lisle, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 Hakkoda

New York, New York, United States

Hakkoda is a snowflake services provider helping its customers unlock the power of their data. Through the deployment of scalable teams. Hakkoda offers a range of data modernization services including cloud migration, data governance, strategy & architecture, and BI. Hakkoda was founded in 2021 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.


DEAL STATS #
Overall 61 of 62
Sector: Software M&A 11 of 11
Type: Add-on Acquisition M&A Deals 44 of 44
State: California M&A 43 of 44
Country: United States M&A 60 of 61
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Qualiti

Lehi, Utah, United States

Qualiti is an AI-driven test automation solution providing state-of-the-art testing solutions to businesses worldwide. Qualiti is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-12 Chime

San Francisco, California, United States

Chime is a financial technology company providing digital consumer banking. Chime’s business was built on the principle of protecting members and helping them get ahead. Chime was founded in 2013 and is based in San Francisco, California.

Sell -