M&A Deal Summary

Pure Storage Acquires Portworx

On September 16, 2020, Pure Storage acquired information technology company Portworx for 370M USD

Acquisition Highlights
  • This is Pure Storage’s 1st transaction in the Information Technology sector.
  • This is Pure Storage’s largest (disclosed) transaction.
  • This is Pure Storage’s 2nd transaction in the United States.
  • This is Pure Storage’s 2nd transaction in California.

M&A Deal Summary
Date 2020-09-16
Target Portworx
Sector Information Technology
Buyer(s) Pure Storage
Deal Type Add-on Acquisition
Deal Value 370M USD

Target

Portworx

Los Altos, California, United States
Portworx is a Kubernetes data services platform enterprises use to run mission-critical applications in containers in production.

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Buyer(S) 1

Buyer

Pure Storage

Mountain View, California, United States
Category Company
Founded 2009
Sector Software
Employees3,800
Revenue 2.8B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 6
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 3 of 3
State (California) 2 of 3
Country (United States) 2 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Compuverde AB

Karlskrona, Sweden

Compuverde AB is a developer of file software solutions for enterprises and cloud provider. Compuverde AB was founded in 2008 and is based in Karlskrona, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 LandingAI

Palo Alto, California, United States

LandingAI is a visual AI company that realizes AI's value and moves AI projects from proof-of-concept to production. The company's flagship product, LandingLens, is a computer vision cloud platform that enables users to build, iterate, and deploy computer vision solutions quickly and easily. With data quality being key to the success of production AI systems, LandingLens allows users to achieve optimal data accuracy and consistency. LandingAI is based in Palo Alto, California.

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