Pure Storage acquires Portworx for $370m, extends Kubernetes services and support
Pure Storage has signed an agreement to acquire Portworx for approximately $370 million in cash, with the aim of extending Kubernetes and containers solutions and support. This deal represents Pure Storage's largest acquisition to date.
Portworx is a Kubernetes data services platform that specialises in running mission-critical applications in containers in production.
The company provides 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 plans to 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.
Pure Storage chairman and CEO Charles Giancarlo says, "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.
"This acquisition marks a significant milestone in expanding our Modern Data Experience to cover traditional and cloud native applications alike.
Portworx CEO Murli Thirumale says, "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.
"We are excited for the accelerated growth and customer impact we will be able to achieve as a part of Pure.
According to 451 Research, 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.
By 2025, Gartner predicts that 85% of global businesses will be running containers in production, up from 35% in 2019.
However, according to Pure Storage, 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, which is where the acquisition comes in.
Portworx customers commented on the acquisition. LogDNA CEO Tucker Callaway says, "As a leader in multi-cloud and on-premise log management solutions, data is at the heart of our business.
"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 director of professional services Brian Cross says, "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.
"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."
