March 8, 2018

Cloudian announces USD 125M joint venture with Digital Alpha

The JV seeks to accelerate adoption of Cloudian’s enterprise object storage systems in a bid to allow flexible procuring options.

Share this articleShare on Facebook
Facebook
Share on Google+
Google+
Tweet about this on Twitter
Twitter

Object storage solutions specialist Cloudian have entered into a joint-venture with Digital Alpha in order to fasten the pace of the former’s object storage systems. With this USD 125 million part-cash part-equity deal, the joint-venture aims to provide customers with flexible procurement options to accommodate growing storage environments.

Cloudian say that the joint venture’s USD 25 million cash component will be focused towards expanding their marketing, sales, engineering and customer support units whereas the USD 100 million equity component will enable consumption model procurement of their products. Speaking about the advantage provided by on-demand cloud services, Cloudian say that customers can leverage the economical on-premise solution which will provide enterprises with total control and sovereignty over their storage.

Speaking about the joint-venture, Micheal Tso, CEO at Cloudian commented:

For our customers, this joint venture will enable flexible procurement models and new hardware options to accelerate their transition to next-generation object storage solutions.

With emerging capacity-intensive use cases such as IoT and machine learning, today’s data management needs are rapidly outgrowing traditional platforms. Cloudian’s solutions offer the limitless scalability, superior ease of use and cloud integration our customers need to solve their largest-capacity storage challenges while saving time and cost.

According to Digital Alpha, it was Cloudian’s rapport with customers and scalability of their offerings that convinced them of their suitability as a partner. Speaking about this in detail, Rick Shrotri, Managing Partner at Digital Alpha said:

Digital Alpha spent months evaluating customer satisfaction with object-storage installations and found the ease of use, deployment and scalability of Cloudian to be highly differentiated.

Moreover, we believe the firm is well positioned to leverage its leadership in Amazon S3 API integration in the emerging use-cases of IoT, analytic and multi-cloud environments. Finally, we believe the culture created by the experienced management team at Cloudian will be conducive to further growth, as it is an attractive destination for industry-leading talent.

Share this articleShare on Facebook
Facebook
Share on Google+
Google+
Tweet about this on Twitter
Twitter