arcapix Holdings Ltd, the parent company of storage and data management company, pixitmedia and arcastream, has entered into exclusive negotiation for the purposes of acquisition by Kalray.
Kalray is a leading provider in the new generation of processor for intelligent data processing from Cloud to Edge.
Ben Leaver, arcapix’ co-founder and CEO said: “We are excited at the prospect of joining the Kalray family. We have come to trust and respect its leadership, and we have high hopes about its ambitious vision and breakthrough technology.
“We believe that together we can build and deliver superior products with compelling value to our customers. As data increasingly shapes the modern business, managing it becomes ever more critical and faces growing demands for performance, scalability, and flexibility. We have a proven track record in meeting such demands. Together with Kalray, we will be able to move to the next level, both technologically and commercially”.
Eric Baissus, President and CEO of Kalray said: “I am delighted at the prospect of this acquisition that will accelerate our go-to-market and strengthen our key position in the data-intensive storage market. It is perfectly aligned with Kalray’s development strategy and ambition, complimenting our products, team, expertise and markets.
“With this acquisition, we would gain new clients and strategic partners to propel our business forward. We have been impressed by the two founders, Ben, Barry and their team and by what they have managed to achieve in the last few years. I am looking forward to working closely with them to achieve our ambition to become a leading provider of solutions for a more intelligent, effective and user-friendly data-driven world”.
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