In the face of the global climate emergency and the European energy crisis, data centres are under increasing pressure to reduce their carbon footprint and enh...
“Data is the currency of digital business success. The agility and velocity of data in motion is key to unlocking its value,” PacketFabric CEO Dave Ward.
Founder and Editor, The Tech Capital
October 04, 2021 | 12:38 PM BST
Enterprise cloud provider PacketFabric has acquired privately-held RSTOR, Inc., a cloud-based provider of storage and data mobility solutions.
This is PacketFabric’s first-ever market acquisition. The move comes as more enterprises build their digital businesses around a hybrid and multi-cloud core architecture increasing demand for data transfers between cloud platforms.
PacketFabric’s Network-as-a-Service (NaaS) platform orchestrates on-demand connectivity across colocation facilities, cloud providers, and private network interconnection across the globe.
By combining the PacketFabric NaaS platform with Saratoga-based, California, RSTOR’s storage and data mobility services, the company said it aims to create a compelling new offering for enterprises, and for global channel and technology partners.
PacketFabric CEO Dave Ward, said: “Optimal data mobility across a cloud-based architecture requires two key ingredients–an agile network and super-positioned data infrastructure. By integrating RSTOR’s storage infrastructure and data mobility technology at the edge of PacketFabric’s carrier-class Network as a Service platform, we can help enterprises build an agile and high-performance cloud data core.”
RSTOR Founder and CEO Giovanni Coglitore, added: “RSTOR has built and grown its business around the idea of allowing customers to control their data as they transition from on-premises to hybrid and then multi-cloud architectures.
“PacketFabric’s on-demand, low-latency network has been a foundational element in our solution, allowing RSTOR the agility and cost-efficiency in moving data into, out of, and between clouds. The complete integration between our data mobility cloud and PacketFabric’s network platform is the logical step in our journey to maximize the value that our customers are already enjoying.”
PacketFabric has to date raised US$109.9 million in three funding rounds led by two investors, Digital Alpha and NantCapital.
1 Set to grow by USD 519.34 bn during 2021-2025, Technavio's latest market research report estim...
Antin Infrastructure Partners said today it is acquiring Pulsant, one of the UK’s largest provide...
Chinese internet data centre services provider 21Vianet Group, Inc. (Nasdaq: VNET) reported a 32% i...