HITS

Software-defined storage firm DataCore Software announced Jan. 26 it will acquire cloud and object storage platform specialist Caringo, with the goal of creating a complete best-of-breed software-defined selection of storage solutions for block, file, and object.

DataCore said the acquisition of Caringo — which emerged as a pioneer in the object storage space after its launch in 2005 — will add both talent and expertise to its team, along with new customers in key markets, including cloud service providers, media and government. Financial terms of the deal were not disclosed.

“In today’s economic environment, IT organizations are looking for ways to save money. Yet compliance requirements, increased use of backup, business continuity, and the continuous growth of data present a challenge that object storage can solve,” said Dave Zabrowski, CEO of DataCore Software. “With our acquisition of Caringo, we are excited to offer a proven, highly reliable object storage technology with an unmatched breadth of features to IT departments, service providers, and government customers worldwide.

“As we continue to deliver on our DataCore ONE vision with our product portfolio, we also continue to build out a world-class executive management team that will allow us to deliver the best-of-breed software-defined solutions to our customers.”

Caringo and its flagship product Swarm helped change the economics of storage by offering software that aimed to solve the issues around nonstop data growth, by providing hyperscale data storage, access, and analysis at petabyte scale, all while guaranteeing data integrity and eliminating hardware dependencies. The acquisition will accelerate DataCore’s mantra of breaking silos and hardware dependencies and enabling IT to make storage smarter, more effective, and easier to manage.

“This latest acquisition expands DataCore’s ability to offer its customers the right solution for their technical and business needs, whether the answer is block, file, or object—or a combination,” said Scott Sinclair, senior analyst at ESG. “Businesses and IT organizations have been turning to software-defined storage for years now as a way to increase infrastructure flexibility and choice while also helping to reduce the cost of managing large volumes of data efficiently and securely. This move makes DataCore’s portfolio even stronger and more valuable to its customers as they work to achieve those goals.”

Jeff Horing, co-founder and managing director at Insight Partners, added: “IT is accelerating adoption of software-defined storage technologies as it has proven to deliver flexibility, hardware independence, and efficiency. Object storage adoption is rapidly increasing as more companies look for more cost-effective, secure, and reliable methods to manage large amounts of data. We are excited DataCore is adding leading object storage technology from Caringo to become the vendor with the most comprehensive software-defined portfolio in the industry.”

DataCore added that the acquisition will increase its presence in Austin, where Caringo is headquartered.