Q3 2014 Storage M&A and Funding remained strong!
M&A remained healthy with 9 transactions totaling roughly $500M in consideration – 7 of the transactions were strategic technology based transactions, one business based deal (Sepaton/HDS) and one divestiture (CA Arcserve/Marlin Equity)
Acronis came back on the M&A radar acquiring Backup Agent and nScaled
SASI is advised C2C Systems in the sale to Barracuda, their first transaction as a public company
Other notable deals include Microsoft acquiring Inmage and EMC acquiring TwinStrata
Storage related funding was strong with 18 rounds totaling $546M – Box and Nutanix led the quarter with $150M and $140M rounds respectively
Similar to Q3 2013, Systems accounts for the most of the funding in Q3 2014 – Systems funding included flash/SSD players Pure Storage, PernixData, Skyera, and new comer NVMdurance and converged systems from Scale Computing and Nutanix.
Object storage funding was secured by later stage start-ups Amplidata and Caringo.
Cloud funding remained hot with Platform9, Nasuni, Cloudian, Box and CTERA.
There was venture funding across a wide range of technologies and disruptive business models demonstrating that this segment has more “Flash” than just flash based systems and is likely to remain relevant and active into the foreseeable future.