Pure Storage, the public business information storage business, today announced that it has actually obtained Portworx, a well-funded start-up that offers a cloud-native storage and data-management platform based upon Kubernetes, for $370 million in money. This marks Pure Storage’s largest acquisition to date and shows how crucial this market for multicloud data services has ended up being.
Existing Portworx enterprise consumers include the similarity Carrefour, Comcast, GE Digital, Kroger, Lufthansa, and T-Mobile. At the core of the service is its capability to help users move their information and produce backups. It creates a storage layer that allows designers to then access that data, no matter where it lives.
Pure Storage will use Portworx’s technology to broaden its hybrid and multicloud services and supply Kubernetes -based information services throughout clouds.
Image Credits: Portworx”I’m significantly proud of what we have actually built at Portworx: An unparalleled data services platform for clients running mission-critical applications in hybrid and multicloud environments,” stated Portworx CEO Murli Thirumale. “The traction and growth we see in our company daily shows that kubernetes and containers are fundamental to the next-generation application architecture and thus competitiveness. We are excited for the sped up growth and customer impact we will be able to attain as a part of Pure.”
When the business raised its Series C round in 2015, Thirumale informed me that Portworx had actually expanded its client base by over 100% and its bookings increased by 376 from 2018 to 2019.
“As forward-thinking enterprises adopt cloud-native strategies to advance their service, we are enjoyed have the Portworx group and their innovative technology joining us at Pure to expand our success in providing multicloud information services for Kubernetes,” said Charles Giancarlo, chairman and CEO of Pure Storage. “This acquisition marks a considerable turning point in expanding our Modern Data Experience to cover conventional and cloud native applications alike.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.