M&A Deal Summary

StrongBox Data Solutions Acquires Crossroads Systems - Storage Product Business

On March 22, 2016, StrongBox Data Solutions acquired technology hardware company Crossroads Systems - Storage Product Business from Crossroads Systems for 2M USD

Acquisition Highlights
  • This is StrongBox Data Solutions’ 1st transaction in the Technology Hardware sector.
  • This is StrongBox Data Solutions’ largest (disclosed) transaction.
  • This is StrongBox Data Solutions’ 1st transaction in the United States.
  • This is StrongBox Data Solutions’ 1st transaction in Texas.

M&A Deal Summary

Date 2016-03-22
Target Crossroads Systems - Storage Product Business
Sector Technology Hardware
Buyer(s) StrongBox Data Solutions
Sellers(s) Crossroads Systems
Deal Type Divestiture
Deal Value 2M USD

Target

Crossroads Systems - Storage Product Business

Austin, Texas, United States
Crossroads Systems - Storage Product Business is a provider of big data storage solutions.

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Buyer(S) 1

Buyer

StrongBox Data Solutions

United States

Category Company
Sector Technology Hardware
DESCRIPTION

StrongBox Data Solutions, Inc. is a provider of big data storage, providing powerful solutions to many of corporations, governments and organizations. StrongBox simplifies data management and reducing storage costs with revolutionary, patented technology.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Crossroads Systems

Dallas, Texas, United States

Category Company
Founded 1996
Sector Technology Hardware
Employees46
Revenue 931M USD (2021)
DESCRIPTION

Crossroads Impact is a provider of data storage solutions. Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance, and significant cost savings. Crossroads Impact was founded in 1996 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Capital Plus Financial

Dallas, Texas, United States

Capital Plus Financial LLC is a provider of affordable housing and mortgage financing to underserved communities in Texas.

Buy $31M