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All M&As in 2015

Only 51 but huge ones (Dell/EMC, WD/SanDisk, Carlyle/Veritas)

Since 1998 we analyze the merger and acquisition trends in the worldwide storage industry, which has allowed us the proper perspective from which to gauge the evolution over time.


1998 48
1999 59
2000 61
2001 64
2002 45
2003 54
2004 51
2005 75
2006 104
2007 90
2008 73
2009 50
2010 71
2011 62
2012 75
2013 74
2014 69
2015 51
TOTAL 1,176
Acquisitions/year 65

(Source: StorageNewsletter.com)

In 2006, there was a record of 104 M&As. Since 2012, the number of deals decreased yearly to reach 51 in 2015 compared to 69 the former year, and 65 being the average per year since 1998.

And into these 51 M&As in 2015 are included ten by only J2 Global getting small online backup companies. The price of only 15 deals was revealed by the buyers, meaning that it was relatively low for the 36 other ones with an amount not impacting seriously their financial results.


Buyer Bought Price in $ million
Dell EMC 67,000
Western Digital SanDisk 19,000
The Carlyle Group and GIC Veritas (Symantec) 8,000
Microsemi PMC-Sierra 2,300
EMC Virtustream 1,200
NetApp SolidFire 870
Seagate Dot Hill Systems 696
Avago Technologies Emulex 606
TDK Hutchinson Technology 133
Silicon Motion Technology Shannon Systems 57.5
Technicolor Cinram Group (assets) 40
Carbonite Evault (Seagate) 14
Blancco Technology Group Tabernus 12
Imation Connected Data (substantially all equity) 7.5
Sphere 3D Imation RDX business 6

(Source: StorageNewsletter.com)

What’s impressive in 2015 is the number of deals surpassing $1 billion, a total of 5 vs. 2 last year. And there was even the highest acquisition in the history of the storage industry, at $67 billion (EMC by Dell)  – even if both of them are not in storage only – and the second one ($19 billion by WD to acquired SanDisk), this latter becoming the biggest M&A in storage only.

(five in 2015)

2015: EMC by Dell, $67,000 million
2001: Compaq by HP, $25,000 million
2015: SanDisk by Western Digital, $19,000 million
2005: Veritas by Symantec, $11,000 million
2011: Autonomy by HP, $10,300 million
1998: Digital Equipment by Compaq, $9,600 million
2015: Veritas (Symantec) by The Carlyle Group and GIC, $8,000 million
2009: Sun by Oracle, $7,400 million
2013: LSI by Avago technologies, $6.600 million
2011: Hitachi GST by WD, $4,300 million
2005: StorageTek by Sun, $4,100 million
2000: Sterling Software by CA, $4,000 million
2000: Seagate by Suez Acquisition, $4,000 million
2006: Agere by LSI, $4,000 million
2014: Riverbed by Thoma Bravo, $3,600 million
2008: Foundry Networks by Brocade, $2,600 million
2012: Elpida by Micron Technology, $2,500 million
2012: Quest Software by Dell, $2,400 million
2010: 3par by HP, $2,350 million
2015: PMC-Sierra by Microsemi, $2,300 million
2010: Isilon by EMC, $2,250 million
2009: Data Domain by EMC, $2,200 million
2006: RSA by EMC, $2,100 million
2002: IBM HDD by Hitachi, $2,050 million
2000: Cobalt Networks by Sun, $2,000 million
2004: Kroll by Marsh & McLennan Companies, $1,900 million
2006: Maxtor by Seagate, $1,900 million
2000: Ancor Communications by QLogic, $1,700 million
1998: Seagate Software by Veritas, $1,600 million
2006: FileNet by IBM, $1,600 million
2006: msystems by SanDisk, $1,500 million
2007: EqualLogic by Dell, $1,400 million
2011: Samsung HDD by Seagate, $1,375 million
2000: Quantum HDD by Maxtor, $1,300 million
2003: Legato by EMC, $1,300 million
2010: Numonyx by Micron, $1,270 million
1996: Cheyenne by CA, $1,200 million
2010: Division 5 Technology by Max Stiegemeier (GCF), $1,200 million
2015: Virtustream by EMC, $1,200 million
1999: Data General by EMC, $1,100 million
2014: Fusion-io by SanDisk, $1,100 million
1995: Conner Peripherals by Seagate, $1,040 million
(Source: StorageNewsletter.com)

In conclusion, there was not an intense activity in 2015  in number of deals but some of them represented enormous sum.

For the 15 operations with price being known, average is incredible, $6.7 billion. Since 1998 the former record was only $1.0 billion. Last year total was $6.3 billion for an average of $392 million per deal.

Consequently, the average price per M&A since 1998 has increased from $393 million to $409 million.

We are not far to reach $200 billion spent in M&As once more since 1998.

EMC was historically is the most voracious in the industry with 81 acquisitions since 1994, but was much quieter these past years. It acquired a record 23 companies in 2006 and 2007 only, just one in 2011, three in 2012 and 2013, five in 2014 and three in 2015 (CloudLink Technologies, Virtustream and Graphite Systems).

With these 81 deals, EMC is largely in front of Seagate (including Seagate Software) with a total of  31 acquisitions, Iron Mountain 29, Veritas added to Symantec 25, IBM, WD, LSI with Avago 20, J2 Global 19, Dell 18, Xyratex (acquired by Seagate), HP and NetApp 16.

(here we include only the acquisitions when the price is known)

acquisitions 2015 der
* in $ million
(Source: StorageNewsletter.com)

The consolidation in the industry will continue because some publicly-traded companies are in bad shape and there are too many storage start-ups trying to survive with only two goals: to be acquired or die.

Furthermore a trend is not going to stop: storage giants invent about nothing in new killing storage technologies and prefer to get them by acquiring start-ups. It’s less expansive than investing in their own R&D.

We will probably continue to see several M&As in the most demanding storage sectors: cloud market, software, systems, and SSD where there are too many companies, but also in the channel for consolidation.


7 Autotask Soonr NA Enterprise secure file sharing and collaboration services
2 Avago Technologies Emulex 606 Network connectivity, monitoring and management
9 Avnet Orchestra Service NA German IT distributor of storage solutions and services around EMC
9 Barracuda Networks Intronis NA Data protection solutions to MSPs
9 Blancco Technology Group Tabernus 12 Data erasure software and hardware used to remove data from HDDs
9 Carbonite Rebit (IP) NA Backup and recovery software
12 Carbonite Evault (Seagate) 14 BC and DR solutions designed for SMBs
1 Citrix Sanbolic NA Workload-oriented storage virtualization
7 Claranet Techgate NA UK BC and DR specialist
9 DataLocker BlockMaster NA USB security solutions provider
10 Dell EMC 67,000 WW leader of storage industry
4 EMC CloudLink Technologies NA Canadian company in end-to-end data encryption for hybrid cloud
5 EMC Virtustream 1200 Cloud software and services
9 EMC (DSSD) Graphite Systems NA High performance flash array
2 Hitachi Data Systems Pentaho NA Big data integration and business analytics
2 Hitachi Data Systems oXya NA French SAP technical services and hosting solution
3 Hitachi GST Amplidata NA Software-defined storage for high capacity scale out storage
10 IBM Cleversafe NA Object-based storage software and appliances
10 Imation Connected Data(substantially all equity) 7.5 Private cloud sync and share line of appliances alternative to Dropbox
NA j2 Global LiveVault NA Online backup in USA
NA J2 Global SugarSync NA Online backup in USA
NA J2 Global Dobson NA Online backup in USA
NA J2 Global Opin NA Online backup in Iceland
NA J2 Global Omnis NA Online backup in Iceland
NA J2 Global BackupSystems NA Online backup in Denmark
NA J2 Global iDrift NA Online backup in Norway
NA J2 Global Online Backup Vault NA Online backup in USA
NA J2 Global DSA Technologies NA Online backup in USA
NA J2 Global Comtech NA Online backup in Norway
10 Micron Tidal Systems NA Stealthy start-up in SSD controllers
12 Microsemi PMC-Sierra 2,300 Semiconductor and software solutions in storage, optical and mobile networks
10 Neosem Flexstar Technology NA SSD testing system
1 NetApp HvNAS NA Small Australian independent developer of SMB 3/2 for Linux
12 NetApp SolidFire 870 All-flash system
8 NetJapan Muntor NA Swiss distributor becoming European HQs
1 NextGgen Storage SanDisk assets (part of Fusion-io) NA Hybrid flash/HDD appliances
1 Novachips HyperLink NAND (HLNAND) NA Flash memory technology from Conversant Intellectual Property Management, formerly Mosaid Technologies.
9 Redstor Attix5 NA Secure data protection, recovery and storage, specialising in virtualization and cloud-based solutions
8 Seagate Dot Hill Systems 696 Storage subsystems
4 Silicon Motion Technology Shannon Systems 57.5 Enterprise PCIe SSD and array solutions
7 Skyview Capital EMC Syncplicity NA Enterprise file sync and share business
5 Sony Optical Archive NA Facebook spinoff in cold storage on Blu-ray discs
8 Sphere 3D Imation RDX business 6 Removable disk drive subsystems
2 StreamNation Picturelife NA Video and audio online storage
8 Strencom Storage Online NA Disaster-recovery services in Ireland
11 TDK Hutchinson Technology 133 HDD suspension assemblies
11 Technicolor Cinram Group (assets) 40 North American optical disc manufacturing and distribution
8 The Carlyle Group and GIC Veritas (Symantec) 8,000 Storage software
5 Unknown investment group Drobo NA Arrays for businesses and professionals
9 Vinci Energies APX Intégration NA French integrator
10 Western Digital SanDisk 19,000 Flash products

  (Source: StorageNewsletter.com)