Acquisition extends file capabilities, accelerates hybrid cloud vision
Pure Storage earlier this week announced plans to acquire Compuverde, a Sweden-based developer of file software solutions for enterprises and cloud providers.
The Lowdown: With the acquired technology, Pure Storage plans to expand its file capabilities across a variety of enterprise storage platforms and help customers implement hybrid architectures. Compuverde’s enterprise-grade software is deployed globally in verticals such as telecom, financial services, and media.
The Details: The terms of the deal were not disclosed. The acquisition is expected to close later this month.
Background: There is a growing demand for file-based shared storage in the public cloud among large enterprise. According to IDC, 79% of end users use file-based storage for unstructured data associated with mission-critical workloads. As more enterprise applications move to hybrid cloud architectures, file-based storage that offers the same functionality as on-premises solutions can help ease file movement and access issues.
The Buzz: “We’re excited about the opportunities that the Compuverde team and technology bring to Pure’s existing portfolio,” said Charles Giancarlo, chairman and CEO of Pure Storage. “As IT strategies evolve, enterprises look to leverage the innovations of the public cloud in conjunction with their on-prem solutions. Through our expanding suite of hybrid data solutions such as Cloud Data Services, we continue to help our customers make the most of their data assets.”