M&A Deal Summary

StorMagic Acquires SoleraTec

On March 30, 2021, StorMagic acquired software company SoleraTec

Acquisition Highlights
  • This is StorMagic’s 1st transaction in the Software sector.
  • This is StorMagic’s 1st transaction in the United States.
  • This is StorMagic’s 1st transaction in California.

M&A Deal Summary

Date 2021-03-30
Target SoleraTec
Sector Software
Buyer(s) StorMagic
Deal Type Add-on Acquisition

Target

SoleraTec

Escondido, California, United States
SoleraTec is a video and digital asset management software company that offers video surveillance and digital evidence management solutions, which use multiple tiers of storage, including the cloud. SoleraTec is based in Escondido, California.

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Buyer(S) 1

Buyer

StorMagic

Bristol, United Kingdom

Category Company
Founded 2006
Sector Software
DESCRIPTION

StorMagic is a provider of storage and security company that is making the complex simple for edge computing environments and leading the industry in bringing the edge to the core. SvSAN is a highly available two-node virtual SAN designed for hyper-converged edge and small datacenter sites. SvKMS is an encryption key manager for edge, datacenter, and cloud. ARQvault is the first active intelligent repository and gathers data anywhere, stores it forever, and finds it fast. StorMagic was founded in 2006 and is based in Bristol, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1