Only 7 M&As at Mid-Range 2024 in WW Storage Industry

There was only 7 M&As anounced in the storage industry from January to June 2024, a figure to be compared to 10 for the same period one year ago and less than that in 2022 (22), and in 2021 (35). In global 2006, there was a record of 104, and total of 1,653 since 1977 or 38 on average per year.

They were a total of 16 M&As last year, the lowest figure since 1998.

Why this low figures? The consolidation in the mature storage industry is slowing. Furthermore, there are few start-ups with revolutionary technologies that could interested potential buyers. Some interesting start-ups could be acquired but they apparently are asking for price too high and prefer to remain private or waiting for an IPO. In brief, there are less and less new technologies in the WW storage industry.

This year only the amount of one deal, $3,000 million, was revealed, the price paid by Cohesity to acquire Veritas Data Security Unit.

Mo.	Year	Buyer	Acquired company	Price in US$ million	Business of acquired company
1	2024	Wasabi Technologies	Curio AI from GrayMeta	NA	AI-powered intelligent storage for M&E
1	2024	CloudScale365	Your Tech Team	NA	Backup and recovery, cloud computing, server and network management, and cybersecurity solutions to New Jersey and New York businesses
2	2024	Cohesity	Veritas Data Security Unit	3,000	Data protection, to create $7 billion firm
3	2024	Redis	Speedb	NA	Storage engine joining fast in-memory datastore to strengthen application performance across caching and real-time use cases
4	2024	Commvault	Appranix	NA	To help enterprises get up and running even faster after an outage or cyberattack
4	2024	Veeam Software	Coveware	NA	In cyber-extortion incident response
5	2024	Summa Equity	FAST LTA	NA	German provider of secure storage and archiving solutions