Divestiture • Technology Hardware

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 Context
  • 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.

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M&A Deal Summary

Date March 22, 2016
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 Company

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 Overview 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 Context for Buyer #
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 Profile 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 Context for Seller #
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