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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Sep. 18, 3:16 PM

Slide #14. Pure Storage Portworx

Acquirer: Pure Storage (NYSE:PSTG)
Acquiree: Portworx
Details: 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.

Pure Storage provides solutions that serve data workloads on-premise, in the cloud, or hybrid environments and include production, test/development, analytics, disaster recovery, and backup/recovery. Co.'s data platform of products and subscription services consist of Cloud Data Infrastructure (integrated hardware and software appliances which run in on-premise data centers), Cloud Data Services (software services which run in public cloud infrastructures), and Cloud Data Management (software hosted data management services to manage its entire platform).

PSTG SEC Filing Email Alerts Service

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Company Name:  PURE Storage Inc
Sector:  Application Software
Number of ETFs Holding PSTG:  38
Total Market Value Held by ETFs:  $453.26M
Total Market Capitalization:  $4.09B
% of Market Cap. Held by ETFs:  11.07%

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September 18, 2020    3:16 PM Eastern
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