Pure Storage acquires data service platform Portworx for $370M – ProWellTech
Pure Storage, the public enterprise data storage company, announced today that it has acquired Portworx, a well-funded startup that provides a cloud-native data storage and management platform based on Kubernetes, for $ 370 million in cash. This marks Pure Storage’s largest acquisition to date and shows just how important this market has become for multi-cloud data services.
Portworx current corporate clients include the likes of Carrefour, Comcast, GE Digital, Kroger, Lufthansa and T-Mobile. At the heart of the service is its ability to help users migrate their data and create backups. Create a storage tier that allows developers to access that data no matter where it resides.
Pure Storage will use Portworx technology to expand its hybrid and multi-cloud services and deliver Kubernetes cloud-based data services.
“I am extremely proud of what we have built at Portworx – an unprecedented data services platform for customers running mission-critical applications in hybrid and multi-cloud environments,” said Murli Thirumale, CEO of Portworx. “The traction and growth we see daily in our business demonstrates that containers and Kubernetes are critical to next-generation application architecture and hence competitiveness. We are excited about the accelerated growth and customer impact we will be able to achieve as part of Pure. “
When the company upped its C Series last year, Thirumale told me Portworx had expanded its customer base by more than 100 percent, and its bookings increased by 376 from 2018 to 2019.
“As forward thinking companies adopt cloud native strategies to advance their business, we are thrilled to have the Portworx team and their revolutionary technology join us at Pure to expand our success in delivering multi-cloud data services. for Kubernetes, “said Charles Giancarlo, President and CEO of Pure Storage. “This acquisition marks a significant milestone in expanding our Modern Data Experience to cover traditional and cloud-native applications alike.”