M&A Deal Summary

Pivot3 Acquires NexGen Storage

On January 27, 2016, Pivot3 acquired technology hardware company NexGen Storage

Acquisition Highlights
  • This is Pivot3’s 1st transaction in the Technology Hardware sector.
  • This is Pivot3’s 1st transaction in the United States.
  • This is Pivot3’s 1st transaction in Colorado.

M&A Deal Summary

Date 2016-01-27
Target NexGen Storage
Sector Technology Hardware
Buyer(s) Pivot3
Deal Type Add-on Acquisition

Target

NexGen Storage

Louisville,, Colorado, United States
NexGen Storage, Inc. is a provider of hybrid storage appliances, dynamic all-flash arrays and Quality of Service (QoS) capabilities.

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Buyer(S) 1

Buyer

Pivot3

Austin, Texas, United States

Category Company
Founded 2002
Sector Software
DESCRIPTION

Pivot3 is a provider of dynamic hyper-converged infrastructure solutions and predictable flash storage. Pivot3’s patented solutions dramatically improve data center simplicity and economics by increasing scale-out performance, driving down complexity and cost, saving an extraordinary amount of disk and physical space and ensuring fault tolerance. With Pivot3’s unique Quality of Service and Virtualization Management capabilities, customers are able to prioritize data and application performance based on business value. Today, Pivot3 has more than 2,000 customers around the world deploying more than 16,000 globally hyper-converged infrastructures in multiple industries such as video surveillance, healthcare, government, transportation, entertainment, education, gaming and retail. Pivot3 was founded in 2002 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Pivot3 - Surveillance Portfolio and Assets

Austin, Texas, United States

Pivot3's Surveillance Portfolio and Assets comprises video surveillance appliances, network video recorders (NVRs), and management applications along with a scale-out hyper-converged software platform

Sell $9M