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  6. StorONE Acquires Storage Switzerland

M&A Deal Summary

StorONE Acquires Storage Switzerland

On March 3, 2020, StorONE acquired information technology company Storage Switzerland

Acquisition Highlights
  • This is StorONE’s 1st transaction in the Information Technology sector.
  • This is StorONE’s 1st transaction in the United States.
  • This is StorONE’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-03-03
Target Storage Switzerland
Sector Information Technology
Buyer(s) StorONE
Deal Type Add-on Acquisition

Target

Storage Switzerland

Fort Worth, Texas, United States
Storage Switzerland is the major storage analyst firm focused on the emerging storage categories of memory-based storage, Big Data, virtualization, and cloud computing. The firm is widely known for its blogs, white papers, and videos that educate IT professionals on topics like storage infrastructure design and disaster recovery planning.

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Buyer(S) 1

Buyer

StorONE

New York, New York, United States
Category Company
Sector Information Technology
DESCRIPTION

StorONE, Inc. is transforming software-defined storage with a new class of SDS that completely redefines expectations in performance, results, functionality, convenience, and cost. StorONE provides enterprise-class functionality, high performance, and high capacity. With more than 50 patents awarded in its first seven years of deep technical development, StorONE is completely changing the perception of storage from an IT cost center to a resource that provides organizations with key competitive advantages. StorONE is headquartered in New York, with offices in Texas, Tel Aviv, and Singapore.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
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