Austin-based Pivot3 Buys NexGen Storage

Pivot3Austin-based Pivot3 announced Wednesday it will acquire NexGen Storage, a privately held maker of hybrid storage appliances based in Louisville, Colorado.

The financial terms of the deal were not disclosed. Pivot3 intends to market and enhance all current and planned NexGen products.

“Everyone talks about the need for agility in terms of business needs, but in hyper-convergence, workload utilization and performance have been gating factors to expansion beyond the usual initial use cases,” Ron Nash, CEO of Pivot3 said in a statement. “With the addition of NexGen’s capabilities, Pivot3 is now the only company in the market that broadly and deeply addresses this central data center challenge with a solution that allows IT to prioritize application performance based on business priority. We believe this agility is critical as customers move from legacy data centers to a software-defined data center that effortlessly handles a heterogeneous set of workloads. We welcome the NexGen customers, partners and team to Pivot3.”

“We’re proud of our rich history and our reputation as a leader in new technology storage products, and we see enormous synergies in bringing together these two innovative businesses,” John Spiers, founder and CEO of NexGen, said in a news statement. “The pedigrees of our teams in the storage and high-performance computing markets are unparalleled in the industry. Combining these powerful teams and innovative solutions gives our customers and partners an incredible advantage in their respective markets.”

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