Virtualisation software producer VMware agreed on Wednesday to purchase cloud software provider Datrium in a deal of undisclosed size that will allow consumer electronics manufacturer Samsung to exit.
Datrium provides cloud-based data management software for organisations to help them store, protect, encrypt and back up data.
The company is currently focused on disaster recovery (DR) for workloads on VMWare platform VMware Cloud but will look to expand its service to all major cloud computing platforms once the transaction closes.
Samsung’s Catalyst Fund led Datrium’s last round, a $60m series D in 2018 that included existing backers Icon Ventures, New Enterprise Associates (NEA) and Lightspeed Venture Partners. The round reportedly valued it at $282m and lifted its total funding to about $170m.
Tim Page, Datrium’s CEO, said in a blog post: “We fundamentally believe that DR should be easy, and organisations should not need to contend with VM format conversions or lengthy rehydration periods when they are in the midst of a disaster.
“VMware has a similar commitment to providing seamless experiences in the hybrid cloud world. Together, we believe our employees will thrive, and customers and partners will be able to take advantage of industry-leading DR and data protection solutions and unprecedented commercial opportunities.”
