Pure Storage Announces Acquisition of StorReduce

MOUNTAIN VIEW, Calif., Aug. 21, 2018 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the all-flash storage leader that helps innovators build a better world with data, today announced the acquisition of privately-held, Sunnyvale, California based software company StorReduce, a cloud-first software-defined storage solution for managing large scale unstructured data.

The acquisition allows Pure Storage to add sophisticated deduplication technology to its object storage portfolio and expand its public cloud integrations to meet the growing demand to manage unstructured data in multi-cloud environments. 

StorReduce's cloud-optimized technology reduces storage and bandwidth costs, enabling flash plus cloud solutions across a variety of use cases, including data tiering, migration, and protection. StorReduce has been recognized for its innovative technology, recently named a Gartner Cool Vendor in Storage.¹ In the same report, Gartner noted that developing a private/hybrid/public cloud strategy is the number one issue facing organizations today, cited by one in three organizations as their primary challenge.

"We are excited to be joining the Pure Storage team. StorReduce and Pure Storage share a common goal to empower customers to get the most out of their data in the increasingly hybrid cloud world," said StorReduce CEO Vanessa Wilson. "With the combination of StorReduce's data reduction capabilities and Pure's flash and object storage technologies, we can now optimize many modern cloud-native applications as well as many existing unstructured data workloads, in particular rapid recovery, at a faster rate."

"The StorReduce team has built an incredibly exciting technology that has the opportunity to make a major impact on next-generation storage architectures," said Charles Giancarlo, Pure Storage CEO. "Together, we will help customers execute on data-centric architectures that bridge seamlessly from on-prem to cloud."

The financial terms of the acquisition are not being disclosed. The acquisition closed in August 2018.

About Pure Storage
Pure Storage (NYSE: PSTG) helps innovators build a better world with data. Pure's data solutions enable SaaS companies, cloud service providers, and enterprise and public sector customers to deliver real-time, secure data to power their mission-critical production, DevOps, and modern analytics environments in a multi-cloud environment. One of the fastest growing enterprise IT companies in history, Pure Storage enables customers to quickly adopt next-generation technologies, including artificial intelligence and machine learning, to help maximize the value of their data for competitive advantage. And with a Satmetrix-certified NPS customer satisfaction score in the top one percent of B2B companies, Pure's ever-expanding list of customers are among the happiest in the world.

Analyst Recognition:
Gartner July 2018 Magic Quadrant for Solid-State Arrays 
IDC MarketScape for All-Flash Arrays

¹Gartner Cool Vendors in Storage Technologies, Dave Russell, Arun Chandrasekaran, Julia Palmer, Garth Landers, Valdis Filks, Raj Bala, April 19, 2018

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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SOURCE Pure Storage