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.