Tech Company M&A Transactions
Avere Systems Acquisition
Headquartered in Pittsburgh, Avere Systems was bought by Microsoft. Microsoft did not announce the acquisition terms for the deal.
Transaction Overview
Company Name
Acquired By
Announced On
1/3/2018
Transaction Type
M&A
Amount
Unknown
M&A Terms
By bringing together Avere's storage expertise with the power of Microsoft's cloud, customers will benefit from industry-leading innovations that enable the largest, most complex high-performance workloads to run in Microsoft Azure. Financial terms of the transaction were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Storage
Mailing Address
910 River Ave.
Pittsburgh, PA 15212
USA
Pittsburgh, PA 15212
USA
Phone
Website
Email Address
Overview
Avere Systems provides Demand-Driven Storage solutions that dynamically organize data in response to business demand. Our long-term vision is a storage network in which the delivery of data is no longer compromised by residing within the same storage tier as data retention functionality, both within the data center and out into the cloud.
Management Team
Title
Name
Email & Social
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Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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