SASI Advises Hubstor on Sale to Veritas

SASI is pleased to announce that it served as exclusive financial advisor to HubStor, a Canadian cloud backup and archival SaaS provider.  SASI led the M&A process from initial meetings through negotiations, due diligence and final closing documents.  Keys to success included understanding HubStor’s unique approach to data protection SaaS and the market opportunity in front of them, communicating their core value proposition and business model and efficiently driving the process though each phase.  This is SASI’s third cross-border trade representing a private Canadian company that was acquired by a leading U.S. technology provider.

My co-founder Greg and I decided to work with SASI because of the firm’s focused experience and connections. We came into the relationship with exceedingly high expectations, and SASI either met or exceeded them. Throughout the entire M&A process, SASI provided sage guidance, and they played a vital role as an extension of our company. SASI provided value at the early stages of the M&A process, and that value continued to flow as we moved through each stage. SASI became our trusted advisor on M&A-related positioning, LOI execution, due diligence, negotiation, legal issues, deal structuring, and all aspects of executing the definitive agreement. Overall, I can’t say enough good things about SASI and the incredible customer experience they provided to us.” — Geoff Bourgeois, Co-Founder and CEO of HubStor.

Greg Campbell, Co-Founder and CTO added “It was a pleasure to work with SASI through all the ups and downs of the M&A process.  SASI understands the entrepreneurial mindset and they did a great job of advising Geoff and I through all our concerns and questions along the way.”

About HubStor:

HubStor is a cloud data platform that simplifies how enterprises protect and manage data at any scale. Organizations leverage HubStor in cloud regions around the world for backup, file system tiering, compliance archiving, message journaling, content indexing and search, and application data retirement. HubStor is headquartered in Canada, maintains SOC 2 compliance and is a Microsoft Co-Sell Prioritized partner.

About Veritas:

Veritas Technologies is a global leader in data protection, availability and insights. Over 80,000 customers—including 87 percent of the Fortune Global 500—rely on us to abstract IT complexity and simplify data management. The Veritas Enterprise Data Services Platform automates the protection and orchestrates the recovery of data everywhere it lives, ensures 24/7 availability of business-critical applications, and provides enterprises with the insights they need to comply with evolving data regulations. With a reputation for reliability at scale and a deployment model to fit any need, Veritas Enterprise Data Services Platform supports more than 800 different data sources, over 100 different operating systems, more than 1,400 storage targets, and more than 60 different cloud platforms.

About SASI:

SASI, a boutique M&A advisory firm, was founded in 2005 with the belief that stakeholders in private technology companies demand and deserve a high level of M&A service.  Our clients seek an advisor who not only brings M&A proficiency but also significant industry, market and technology expertise and insights.  Equally, they desire an M&A advisor who understands the strategic buyer landscape and brings deep executive relationships within those organizations.  SASI primarily focuses on sell-side engagements, representing private, venture-backed and bootstrapped technology startups.  We drive the entire M&A process from upfront strategy formulation to buyer contacts through negotiations and closing.

Contact John Rotchford, Managing Director for inquiries (john@sasillc.com)