MOUNTAIN VIEW, Calif.,
Sept. 16, 2020 /PRNewswire/
-- Pure Storage (NYSE: PSTG), the IT pioneer that delivers
storage as-a-service in a multi-cloud world, today announced it has
entered into a definitive agreement to acquire Portworx, the
leading Kubernetes data services platform enterprises trust to run
mission-critical applications in containers in production, for
approximately $370 million in cash.
This deal represents Pure's largest acquisition to date and the
company's deeper expansion into the fast-growing market for
multi-cloud data services to support Kubernetes and containers.
![](https://mma.prnewswire.com/media/1275225/Pure_Storage_Portworx.jpg)
"As forward-thinking enterprises adopt cloud native strategies
to advance their business, we are thrilled to have the Portworx
team and their groundbreaking technology joining us at Pure to
expand our success in delivering multi-cloud data services for
Kubernetes," said Charles Giancarlo,
Chairman and CEO, Pure Storage. "This acquisition marks a
significant milestone in expanding our Modern Data Experience to
cover traditional and cloud native applications alike."
Portworx is the Kubernetes Data Services Platform most used by
Global 2000 companies to provide persistent storage, high
availability, data protection, data security, and cloud mobility
for containers deployed in hybrid cloud architectures. By combining
Portworx container data services with Pure's industry-leading data
platforms and Pure Service Orchestrator software, Pure will provide
a comprehensive suite of data services that can be deployed
in-cloud, on bare metal, or on enterprise arrays, all natively
orchestrated in Kubernetes. With Portworx, Pure delivers the
industry's most complete platform for every stage of the cloud
native journey.
Digital leaders are increasingly turning to the cloud native
stack to process data into value and insight. Today, 95% of new
applications are developed in containers according to 451 Research.
By 2025, Gartner predicts that 85% of global businesses will be
running containers in production, up from 35% in 2019. Yet, as
cloud native scales, traditional and cloud-based storage can
struggle to keep-up with the fluid nature of microservice
applications deployed in containers, making data resiliency,
mobility, security, backup, and recovery a challenge, especially in
multi-cloud deployments. Cloud native applications deserve a
storage services platform purpose-built to address these
challenges. Together, Portworx and Pure deliver this, today.
"I'm tremendously proud of what we've built at Portworx: an
unparalleled data services platform for customers running
mission-critical applications in hybrid and multi-cloud
environments. The traction and growth we see in our business daily
shows that containers and Kubernetes are fundamental to the
next-generation application architecture and thus competitiveness,"
said Murli Thirumale, CEO, Portworx.
"We are excited for the accelerated growth and customer impact we
will be able to achieve as a part of Pure."
Portworx is the industry's leading Kubernetes Data Services
Platform used by enterprises including Carrefour, Comcast, GE
Digital, Kroger, Lufthansa, and T-Mobile and was named the Leader
in the 2020 GigaOm Radar for Data Storage for Kubernetes
report.
"As a leader in multi-cloud and on-premise log management
solutions, data is at the heart of our business," said Tucker Callaway, CEO, LogDNA. "We work with
Portworx because they provide the market-leading Kubernetes data
services platform that allows us to offer the same fast, reliable,
protected, and secure logging solutions to our customers, no matter
where they decide to run their applications. We can see the power
of this combination and look forward to many more years of
sustained data-driven innovation from Pure Storage and
Portworx."
"Esri's ArcGIS software delivers location intelligence for some
of the world's most pressing problems including Covid-19 tracking,
fire mapping and disaster management," said Brian Cross, Director of Professional Services,
Esri. "We are proud to have worked with Portworx to implement
cutting-edge cloud native storage technologies allowing our
customers to solve these types of geospatial problems at massive
scales. Portworx is a key partner for Esri as we develop and
release our next generation of Kubernetes-based real-time
capabilities, and we look forward to continuing our work together
as it evolves with Pure Storage."
"In 2019 we evaluated Kubernetes storage platforms for one of
our services and after thorough research we decided on Portworx,"
said Sven Sonnendorfer, Community Manager, Audi Business
Innovation, a 100% subsidiary of Audi AG who provide cloud services
to VW Group members. "The improved performance compared to the
standard Kubernetes storage provider, the included features,
reliable operations and upgrades and the great support demonstrate
that this was the right decision. Portworx saves us time and money
by providing more reliable tooling to our customers."
For more resources, visit:
- Pure Storage CEO Blog
- Pure Storage Welcomes Portworx Blog
- Portworx Blog
- FAQ
Forward-Looking Statements
This release contains
forward-looking statements including, among other things,
statements regarding the expected performance, features and
benefits of the product offerings of Pure and Portworx, as well as
the expected benefits of the combination of these companies. The
words "believe," "may," "will," "plan," "expect," and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to risks,
uncertainties, and assumptions. If the risks materialize or
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. Risks
include, but are not limited to, risks described in our filings
with the Securities and Exchange Commission (SEC), including future
reports that we may file with the SEC from time to time, which
could cause actual results to vary from expectations. Pure assumes
no obligation to, and does not currently intend to, update any such
forward-looking statements after the date of this release.
Any unreleased products, features, or functions referenced in
this release, our website or other press releases or public
statements that are not currently available are subject to change
at Pure's discretion and may not be delivered as planned or at all.
Customers who purchase Pure's product offerings should make their
purchase decisions based upon products, features and functions that
are currently available.
About Pure Storage
Pure Storage (NYSE: PSTG) gives
technologists their time back. Pure delivers a modern data
experience that empowers organizations to run their operations as a
true, automated, storage as-a-service model seamlessly across
multiple clouds. One of the fastest-growing enterprise IT companies
in history, Pure helps customers put data to use while reducing the
complexity and expense of managing the infrastructure behind it.
And with a certified customer satisfaction score in the top one
percent of B2B companies, Pure's ever-expanding list of customers
are among the happiest in the world.
Pure Storage, the "P" Logo, Evergreen, FlashArray, FlashBlade,
and Pure1 are trademarks or registered trademarks of Pure Storage,
Inc. All other trademarks or names referenced in this document are
the property of their respective owners.
Analyst Recognition:
Pure Storage has been named a
Leader in the 2019 Gartner Magic Quadrant for Primary Storage.
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