Home / SmartTech / Pure Storage Acquires Portworx Data Services Platform for $ 370M – TechCrunch

Pure Storage Acquires Portworx Data Services Platform for $ 370M – TechCrunch



Pure Storage, the public enterprise data storage company, announced today that it has acquired Portworx, a well-funded startup providing a cloud-native storage and data management platform powered by Kubernetes, for $ 370 million in cash. This is Pure Storage’s largest acquisition to date and shows how important this market has become for multi-cloud data services.

Current Portworx Corporate customers include Carrefour, Comcast, GE Digital, Kroger, Lufthansa and T-Mobile. At the heart of the service is the ability to help users migrate their data and create backups. It creates a tier of storage that developers can use to access this data no matter where it is.

Pure storage will leverage Portworx technology to expand its hybrid and multi-cloud services and deploy Kubernetes -based data services across clouds.

Credit: Portworx

“I am incredibly proud of what we have built at Portworx: an unparalleled data service platform for customers running business-critical applications in hybrid and multi-cloud environments,” said Murli Thirumale, CEO of Portworx. “The traction and growth we see in our day-to-day operations show that containers and Kubernetes are fundamental to the next generation of application architecture, and thus to competitiveness. We are excited about the accelerated growth and customer impact that we can achieve as part of Pure. “

When the company increased its Series C round last year, Thirumale shared that Portworx had expanded its customer base by over 100 percent and increased its bookings by 376 from 2018 to 2019.

“As future-oriented companies use cloud-native strategies to drive their businesses forward, we are excited to have the Portworx team and their breakthrough technology at Pure to build on our success in delivering multi-cloud data services to Kubernetes,” said Charles Giancarlo. Chairman and CEO of Pure Storage. “This acquisition marks a significant milestone in expanding our modern data experience to cover both traditional and cloud-native applications.”


Source link