Details protection technologies was in terrific demand from customers in 2020, as 3 of the largest storage acquisition targets concerned backup or disaster recovery sellers.
A blockbuster Veeam acquisition in January and Google’s buyout of Actifio fashioned bookends for the year in M&A. In between, VMware acquired Datrium to bolster its disaster recovery as a assistance (DRaaS).
The greatest 2020 offer to contact storage did not involve backup — that was SK Hynix’s $9 billion pickup of Intel’s memory group. But knowledge protection, alongside with cloud and Kubernetes storage, dominated the number of deals. Details protection deals introduced in the most dollars of individuals.
The following are the most noteworthy storage acquisitions of 2020:
Veeam acquisition provides U.S. possession
Private equity organization Insight Companions went from minority buyers to vast majority owners of virtual backup specialist Veeam in January, in a offer that valued Veeam at $five billion.