Pivot3 on Wednesday announced it will acquire NexGen Storage, a privately held provider of hybrid storage appliances, dynamic all-flash arrays and quality-of-service (QoS) capabilities.
In a statement, Pivot3 said the addition of NexGen’s product portfolio will enable the company to deliver the industry’s “most complete set” of dynamic hyper-converged solutions. In addition, NexGen’s strengths in accelerated all-flash and hybrid storage will help Pivot3 expand the traditional notion of hyper-convergence. Customers will now have complete implementation flexibility and QoS management, so IT no longer has to overprovision for peak workloads, but instead can use just-in-time dynamic provisioning of resources and scale as the business grows. Pivot3 said it intends to market and enhance all current and planned NexGen products.
“Everyone talks about the need for agility in terms of business needs, but in hyper-convergence, workload utilization and performance have been gating factors to expansion beyond the usual initial use cases,” said Ron Nash, CEO of Pivot3. “With the addition of NexGen’s capabilities, Pivot3 is now the only company in the market that broadly and deeply addresses this central data center challenge with a solution that allows IT to prioritize application performance based on business priority. We believe this agility is critical as customers move from legacy data centers to a software-defined data center that effortlessly handles a heterogeneous set of workloads. We welcome the NexGen customers, partners and team to Pivot3.”
“We’re proud of our rich history and our reputation as a leader in new technology storage products, and we see enormous synergies in bringing together these two innovative businesses,” said John Spiers, founder and CEO of NexGen. “The pedigrees of our teams in the storage and high-performance computing markets are unparalleled in the industry. Combining these powerful teams and innovative solutions gives our customers and partners an incredible advantage in their respective markets.”
Pivot3 executed a definitive agreement to acquire NexGen following the unanimous approval of the Boards of Directors of Pivot3 and NexGen. The transaction is expected to close in February 2016.
