M&A Deal Summary

iStorage Acquires Kanguru

On September 24, 2024, iStorage acquired technology hardware company Kanguru

Acquisition Highlights
  • This is iStorage’s 1st transaction in the Technology Hardware sector.
  • This is iStorage’s 1st transaction in the United States.
  • This is iStorage’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-09-24
Target Kanguru
Sector Technology Hardware
Buyer(s) iStorage
Deal Type Add-on Acquisition

Target

Kanguru

Millis, Massachusetts, United States
Kanguru provides a variety of hardware and software products, including secure, encrypted USB flash drives, external hard drives, and remote management systems. Kanguru is based in Millis, Massachusetts.

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Buyer(S) 1

Buyer

iStorage

London, United Kingdom
Category Company
Sector Technology Hardware
DESCRIPTION

iStorage offers a range of products to securely encrypt, store and protect data to military standards, safeguarding valuable and sensitive data to ensure compliance with stringent regulations and directives such as GDPR, HIPAA, SOX, NRC, GLB, and DHS Initiatives. iStorage was founded in 2009 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

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