Acuity Datacenter Technology Report H1 2019 · 2019-12-16 · Acuity Advisors Datacenter Technology...

Datacenter TechnologyH1 2019 update

1Acuity Advisors Datacenter Technology H1 2019

Where does it end?

▪ Public cloud revenue is forecast to reach $331bn in

2022 from $214bn in 2019 at a 16% CAGR

▪ Revenue and application development of the major

cloud players continues to grow at a prolific rate

▪ The future will tell whether continuing trends in

hybrid cloud, edge computing and bold moves by

major competitors will slow the advance

Digital transformation 2.0

▪ Digital transformation is now moving beyond cloud

native applications and into mission critical

workloads

▪ To date only 20% of enterprise workloads have

moved to the cloud(1). The remaining 80% represents

the battlefront for cloud service providers over the

coming years

▪ Bold moves - IBM’s $34bn acquisition of Red Hat is a

clear statement of intent from IBM as it makes a

major bid to be the number one for hybrid cloud in

the enterprise

Market trends from an M&A perspective

Datacenter Technology – Market Insight

Acquired by

Global Semiconductor

Company

Acquired by

Philip MillerVice President+44 7903 170 [email protected]

-- The Public Cloud

Mission critical

The Edge is here

Compute has moved to the Edge

▪ The demand for edge compute is emerging

▪ 5G technology and IoT devices are forming a new

datacentre structure and driving a decentralized

compute model

▪ Data gathered at the Edge of networks is now

processed there to minimise latency and maximise

processing speed

More performance

▪ The proliferation of data is driving emerging trends

across datacenter technology, such as SmartNICs

and smart storage

▪ Video, gaming, ML and AI are driving change in

existing datacenter technology. These advancements

require acceleration in both hardware and software –

leading to a buoyant M&A and investment market

for technologies in these areas

▪ Intel’s acquisition of Barefoot Networks, Xilinx’s

acquisition of Solarflare and a global semiconductor

player’s acquisition of Argon Design are evidence of

the demand for acceleration in the datacenter

Datacenter acceleration1 2

3 4

Acquired by Acquired by

Phil runs Acuity’s datacenter

technology practice and in

recent months has been

involved in transactions

including a global

semiconductor company’s

acquisition of Argon Design.

Phil has an extensive

background in the sector

having worked at Europe’s

leading cloud computing

provider, Interoute, which sold

to GTT Communications for

£2.3bn in 2018

Current mandate:

Current mandate:

Leading software defined datacenter

provider

In process

Datacentersemiconductor IP

provider

In process

(1) IBM’s 2018 Chairman’s letter


M&A activity

▪ There was just under $6.6bn of

disclosed M&A deal value across 38

transactions in H1 2019 compared

to around $93bn across 86

transactions in full year 2018. The

longer term trend shows a year with

mega deals following a year with

fewer transactions of such scale

▪ Hardware deals are driving M&A in

H1 2019; the standout being

NVIDIA’s intent to acquire Mellanox

for $6.9bn (due to close at the end

of 2019)

▪ In general, it has been a quieter

period for infrastructure and

software defined datacenter players

in 2019 following recent

consolidation

Funding activity

▪ Just under $1.2bn of funding

investment in H1 2019 across 49

rounds compared to $3.7bn in all of

2018 across 124 rounds

▪ Funding activity has been steadily

moving towards larger and later

stage fundraises, especially in China

▪ Underlying data shows that

hardware technology is driving

fundraising in H1 2019 with over

£660m raised, focussed on scale-

out block storage, low latency

storage solutions and software

defined storage solutions

▪ The USA and the UK remain the

centre of gravity for investment

▪ Software defined datacenter players

have raised £378m over 16 rounds

in H1 2019

Funding and M&A activity since 2014

Datacenter Technology

Datacenter fundraising activity: 2014-H1 2019

Source: Tracxn, CapitalIQ, Acuity Intelligence

Datacenter M&A activity: 2014-H1 2019

Deal valu

e (

$b

n)

Source: Tracxn, CapitalIQ, Acuity Intelligence

Deal v

olu

me

Deal v

olu

me

Deal valu

e (

$b

n)

93

187

KEY: Mega deals

$22bn CA

$34bn Red Hat

-

20

40

60

80

100

120

140

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

2014 2015 2016 2017 2018 2019 H1

Early Stage Mid Stage Late Stage Number of Deals

-

20

40

60

80

100

-

10

20

30

40

50

60

70

2014 2015 2016 2017 2018 2019 H1Integrated circuits Infrastructure

Software defined datacentre Hardware defined datacenters

Number of deals

$23bn Alcatel

$38bn Broadcom

$76bn EMC


CEO and strategic insight on the market

Datacenter Technology

The acquisition will unite NVIDIA’s strength in accelerated computing with Mellanox’s

expertise in high-performance interconnect technology to address the datacenter

market, better serve our customers, and accelerate innovation

- Company statement regarding Mellanox Acquisition by NVIDIA

In the wake of this digital transformation wave, a clear architecture of choice has emerged for

our customers. That architecture is global, highly distributed, hybrid and multicloud

- Charles J. Meyers, CEO Equinix – 2018 Shareholder Letter

We see the Edge as the next frontier, so it is our top strategic priority. The Edge is the world

outside the datacenter. It’s where experiences happen—in stores, in schools, in hotels—

anywhere technology gets put into action. We believe the enterprise of the future will be edge-

centric, cloud-enabled and data-driven

- Patricia F. Russo, HPE’s Chair of the Board – 2019 Proxy Statement

Solarflare has been a pioneer in key areas such as high-speed Ethernet, application

acceleration, and NVMe-over-fabrics, which are the critical components needed to build the

next generation of SmartNICs for cloud and enterprise technologies

- Salil Raje, EVP Data Center Group, Xilinx – Press release on Xilinx’s acquisition of Solarflare

The public cloud players are building the new Mainframe, i.e., gigantic data centers with

large capex investments and multi-year refresh cycles. Data sovereignty (“Laws of the

Land”) and data gravity (“Laws of Physics”) will force clouds to be smaller and dispersed

- Dheeraj Pandey CEO & Chairman of Nutanix – 2018 Annual Report

A new paradigm is emerging—the digital services economy—in which technology becomes the

primary means of meeting the needs of consumers, businesses, and public service organizations.

In this new model, IT evolves from supporting the business to being the business by delivering

everything as a service via the cloud. Powering this new digital services economy is the data

center…

- Commentary from Intel’s New Center of Possibility report


Sector overview and selected industry participants

Datacenter Technology – Market map

Infrastructure

Software Defined Datacenter - enabling cloud services

IaaS and Datacenters

Infrastructure - datacenter services

Hardware - providers in the datacenter

Integrated Circuits – semiconductor and IP in the datacenter


M&A since 2014

Source: CapitalIQ, Tracxn, Acuity Intelligence

Tra

nsa

ctio

n v

alu

e (

$b

n)

To

tal ra

ised

($m

)

Dealvolu

me

M&A and funding insight

Software Defined Datacenter

▪ Hybrid cloud solutions and the next chapter of

digital transformation are driving investment in

the delivery and management of cloud services

as workloads move beyond simple customer

facing systems to mission critical data

▪ Notwithstanding this, H1 2019 has been a quieter

period in aggregate deal values at $355m across

11 deals compared to $10bn across 34 deals in

2018 (normalised for Red Hat and CA Inc). Just

under $400m has been raised in H1 2019

compared to $1.4bn in 2018

▪ Familiar names have been active in H1 2019 with

VMware completing two acquisitions – one being

Swedish based AVI Networks which enables load

balancing across any infrastructure and device,

and the other being BitNami cloud application

management business

▪ We expect deal volumes to return across this

sub-sector in H2 2019 and 2020 as the delivery of

cloud based services and digital transformation

2.0 remain a strategic priority

0

10

20

30

40

50

60

70

80

90

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2014 2015 2016 2017 2018 2019 H1

Early stage Mid stage

Late stage Number of deals

Acquired by: Acquired by:


Investment by: Investment by:


M&A:

Fundraising*:

KEY: Mega deals

Deal v

olu

me

66

*Lead investor

$22bn CA

$34bn Red Hat

M&A market trends and key H1 2019 deals

0

5

10

15

20

25

30

35

40

0

2

4

6

8

10

12

2014 2015 2016 2017 2018 2019 H1

M&A activity Number of deals

Fundraising since 2014



Tra

nsa

ctio

n v

alu

e (

$b

n)

To

tal ra

ised

($m

)

Deal v

olu

me


Infrastructure

Deal v

olu

me

▪ Infrastructure M&A has been marked by significant

consolidation in 2016 and 2017 with major deals

from Equinix and Digital Realty

▪ Edge is the new frontier and in a post consolidated

market we note smaller acquisitions and deal sizes

▪ Vantage’s acquisition of 4degrees and aptium’s

acquisition of digitalcolony demonstrate this trend

that while the deal numbers remain fairly constant,

deal size and global M&A has cooled

▪ We look forward to seeing how emerging trends

in digital transformation and technology play out

in this sector to see how this impacts the location,

size and technology of datacenter infrastructure

providers and investments

M&A:

Fundraising*:

*Lead investor

0

5

10

15

20

25

30

35

40

45

-

2

4

6

8

10

12

14

16

18

20

22

2014 2015 2016 2017 2018 2019 H1






& others

& others

& others


0

2

4

6

8

10

12

14

16

-

100

200

300

400

500

600

700

800

2014 2015 2016 2017 2018 2019 H1

Early Stage Mid Stage

Late Stage Number of deals

M&A since 2014 Fundraising since 2014


M&A since 214


Tra

nsa

ctio

n v

alu

e (

$b

n)

To

tal ra

ised

($m

)

Deal v

olu

me


Hardware

Deal V

olu

me

▪ Historically hardware in the datacentre has been

dominated by a handful of familiar names

▪ Datacenter workloads no longer fit on one server

but extend across many. And it is this established

development which is driving advancements in

intelligent networking systems and hyper converged

infrastructure players like Barefoot Networks and

Nutanix

▪ H1 2019 saw aggregate deal value of $4bn across 5

deals (excluding the Mellanox sale to Nvidia at

$6.9bn) compared to $6bn and 8 deals in 2018

▪ Fundraising has seen a marked growth curve from

2014 to 2018 as investment increases fuelled by the

demand for more efficient and better performing

hardware to match application development

▪ Focus has historically been on software to

orchestrate workloads but acquisitions by Intel of

Barefoot Networks and Aerohive Networks by

Extreme Networks demonstrate growing interest in

datacenter hardware

0

10

20

30

40

50

60

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2014 2015 2016 2017 2018 2019 H1



120

M&A:

Fundraising*:

*Lead investor

$23bn Alcatel-Lucent

$76bn DELL EMC

$7bn Mellanox

KEY: Mega deals

0

2

4

6

8

10

12

14

16

18

-

5

10

15

20

25

30

2014 2015 2016 2017 2018 2019 H1






Not dosclosed

& others





Tra

nsa

ctio

n v

alu

e (

$b

n)

0

2

4

6

8

10

12

14

16

18

-

5

10

15

20

25

2014 2015 2016 2017 2018 2019 H1


To

tal ra

ised

($m

) Deal v

olu

me


Integrated Circuits

Deal v

olu

me

▪ Performance in the datacenter has been fuelled

and defined by Moore’s Law. The dawn of AI and

accelerated computing across GPUs, FPGAs, ASSPs

and ASICs has led a new phase of investment

▪ H1 2019 saw aggregate deal value of $1.4bn

across 8 deals, proceeded an even busier year in

2018 of $19bn deal value and 11 deals

▪ Acquisitions by Xilinx of Solarflare and Avera Semi

by Marvell all continue the theme of acceleration

in the datacenter through ASIC and FPGA

technology

▪ We believe that the datacenter is a new battle

ground for IC developers and designers with large

investments being made by the major players. We

see this trend continuing for years to come

0

2

4

6

8

10

12

14

16

18

-

50

100

150

200

250

2014 2015 2016 2017 2018 2019 H1



42

M&A:

Fundraising*:

*Lead investor

$38bn Broadcom

KEY: Mega deals





& others& others

Global Semiconductor

Company




Implied multiples activity

• XXX

Share price activity

• XX

Share price and EV/EBITDA valuation

Valuation

Source: CapitalIQ

Source: CapitalIQ

EV/EBITDA multiples: 2014-

2019

▪ Datacenter technology trading

multiples remain robust with clear

differentiation in EV/EBITDA

multiples between the subsector

groups

▪ Infrastructure and software defined

datacenter companies

demonstrated a higher degree of

volatility in their trading multiples

compared to integrated circuits and

hardware defined datacenter

companies

▪ Software defined datacenter

companies have moved towards

higher trading multiples since the

start of 2019

Share price movement: 2014-

2019

▪ Across the subsectors in H1 2019

market and macro economic

(politial uncertainty) impacts have

effected share price volatility

▪ Broadly, there has been a period of

share price decline, followed by

market consolidation and then a

period of share price growth

▪ The period of share price decline

correlates to the global sell-off of

equities in 2015-2016 (The Great

Fall of China) which was followed by

a sustained period of market

growth

50

100

150

200

250

300

350

Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019

Integrated circuits Infrastructure

Software defined datacentre Hardware

EV

/EB

ITD

A m

ult

iple

Sh

are

pri

ce in

dex

0

5

10

15

20

25

30

35

40

45

Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019

Integrated circuits Infrastructure



Most active acquirors in datacenter technology 2014-2019

Datacenter Technology – Top 20

Acquiror Hardware Integrated Circuits Infrastructure Software Total

Cisco 1 3 0 17 21

Intel 2 10 1 0 13

HPE 2 1 2 7 12

Vmware 0 0 0 11 11

Keppel 0 0 10 0 10

Equinix 0 0 10 0 10

Alphabet 0 0 5 3 8

IBM 0 0 2 6 8

Juniper Networks 1 1 1 3 6

Microsoft 0 0 1 5 6

Nutanix 0 0 0 6 6

Digital Realty Trust 0 0 6 0 6

Interxion 0 0 5 0 5

Citrix 0 0 0 5 5

Claranet Group 0 0 5 0 5

CyrusOne 0 0 5 0 5

HP 1 0 1 3 5

NTT 0 0 4 0 4

Iomart 0 0 4 0 4

Broadcom 1 2 0 1 4

Total 8 17 61 67 153

Top 20 acquirors by category Acquisition focus area for top 20

Nu

mb

er

of

deals

Nu

mb

er

of

deals

0

5

10

15

20

25

Cis

co

Inte

l

HP

E

Vm

ware

Kep

pel

Eq

uin

ix

Alp

hab

et

IBM

Jun

iper

Mic

roso

ft

Nu

tan

ix

Dig

ital R

ealt

y

Inte

rxio

n

Cit

rix

Cla

ran

et

Cyru

sOn

e

HP

NTT

Iom

art

Bro

ad

com

Integrated circuit Infrastructure


0

5

10

15

20

25

30

35

2014 2015 2016 2017 2018 2019 H1

Integrated circuit Infrastructure



Key transactions in H1 2019

Datacenter Technology – Deal Data (1/5)

Date

Deal Target Target

country

Target Description Subsector Acquirer /

Investor

Acquirer

country /

funding

round

Deal size

($m)

Jun

e 2

019

M&AAerohive

NetworksUSA

A multinational computer networking

equipment providerHardware

Extreme

NetworksUSA

310

Fundraising 3Box USA A provider of decentralized cloud storage HardwareNorthzone &

othersEarly Stage

3

M&A Argon Design UK A technology and product development partner Hardware Broadcom UK Undisclosed

M&A Avi Networks USA Developer of software defined data centers Software VMWare USA335

Fundraising SignalFx USAA cloud application monitoring company to

visualize issues and work at web scaleSoftware

Andreessen

Horowitz &

others

Late Stage75

FundraisingCitycloud

InternationalChina

Provider of cloud computing products such as

IaaS management and PaaSSoftware Cisco & others Mid Stage

43

Fundraising TransIP Group Netherlands

Provides virtual private servers, domain name

registration and web hosting services to

customers and IT professionals

Infrastructure HgCapital LLP Late Stage Undisclosed

M&ABarefoot

NetworksUSA Provider of high-speed programmable switches Hardware Intel USA Undisclosed

Fundraising Yellowbrick Data USAProvider of a data warehouse that is quick to

deploy, easy to expand and simple to manageSoftware

DFJ Growth &

othersMid Stage

81

M&A RISC Networks USA

Provider of SaaS delivered products which

monitor and analyze the health of the IT

platform

Software Flexera USA Undisclosed

Fundraising Txture AustriaProvider of a platform for cloud management

and transformationSoftware Red Stars Early Stage Undisclosed

Fundraising Druva USAProvider of endpoint data management

solutions for the enterprisesHardware

Sequoia

Capital &

others

Late Stage130

May 2

019

Fundraising Folio Photonics USADeveloper of an optical storage with 2TB

capacity at low costHardware

Capital One &

othersEarly Stage

8

M&A Avera USAProvides application-specific integrated circuit

(ASIC) semiconductor solutionsHardware Marvell Bermuda

581

M&A Cray USAProvides computing solutions for advanced

supercomputing applicationsHardware HPE USA

1,300

M&A Cloudability USA

A financial management tool for monitoring

and analyzing every cloud expense across any

organization

Software Apptio USA Undisclosed

Fundraising Excelero USA Provider of scale-out block storage solution Hardware

Mellanox,

Battery

Ventures &

others

Mid Stage Undisclosed

M&A BitNami USAProvides cloud hosting services to deploy and

manage business applicationsSoftware VM Ware USA Undisclosed

Fundraising Total Cloud IndiaProvides a 3D simulation of cloud infrastructure

for cloud managementSoftware

Axilor Ventures

& othersEarly Stage <1





Date

Deal Target Target

country


Investor

Acquirer

country /

funding

round

Deal size

($m)

May 2

019

Fundraising Weka.IO IsraelDeveloper of a file system for artificial

intelligence and technical compute applicationsHardware

NVIDIA,

Mellanox &

others

Mid Stage32

M&A ParkMyCloud USAA cost saving application that reduces cloud

computing costsSoftware Turbonomic USA Undisclosed

M&A Imanis Data USAProvider of data management software for

petabyte-scale dataSoftware Cohesity USA Undisclosed

M&A Aquantia USA

Manufactures high-speed transceivers for

applications in data centre ethernet

connectivity

Integrated

CircuitsMarvell USA

452

Fundraising InCountry USAOperates data storage facilities for payments,

transactions and health dataInfrastructure

Charles River

Ventures &

others

Early Stage5

FundraisingBluWireless

Technology UK

Develops low cost technology for wireless

communication standardsHardware ARM & others Mid Stage

17

Ap

ril 2019

M&A Icolo Kenya

Designs, builds and operates data centers for

various types of clients such as telecom carriers,

ISPs and enterprise customers

Infrastructure InterXion Netherlands6

Fundraising DivvyCloud USA

Provides on-premise software that enables

single point of contact to simply, optimize and

visualize the cloud

SoftwareRTP Ventures

& othersMid Stage

19

FundraisingNTT Global Data

CentersJapan Developer and operator of data centers Infrastructure

Nippon &

othersEarly Stage Undisclosed

M&A Solarflare UKProvides ethernet products for data center and

enterprise networksHardware Xilinx USA

309

M&A

Equinix AM11

International

Business

Exchange

Netherlands A data storage provider Infrastructure Equinix USA34

M&A Electric Cloud USA A software release automation platform Software Cloudbees USA Undisclosed

M&A

Image

Processing

Techniques

UKDesigns video and vision systems based on

programmable FPGAs and SoCsHardware Intel UK Undisclosed

Fundraising

Ampere

Computing

Holdings

USA Provider of cloud based data center solutions HardwareThe Carlyle

Group & ARM Early Stage Undisclosed

Fundraising PubNub USA

Provides Data Stream Network, a solution that

connects, delivers and controls the data and

logic used to power real time applications

SoftwareScale Venture

& othersLate Stage

23

M&A

Shanghai

Xinsheng

Semiconductor

Technology

ChinaResearches, develops and manufactures

semiconductor wafers

Integrated

Circuits

National

Silicon Industry

Group

China72

Fundraising Tarmin USA Provider of data defined storage solutions Hardware

WISeKey &

Hoxton

Ventures

Early Stage Undisclosed

Fundraising Faction USA

Provider of private, public and hybrid cloud

infrastructure as a service with control and

flexibility

Infrastructure

Dell

Technologies

& others

Mid Stage Undisclosed

Fundraising Nimbix USAProvider of cloud-based high-performance

computing infrastructure and applicationsInfrastructure

Silver Creek

Ventures &

others

Mid Stage4

M&A Compuverde Sweden

Provider of self-contained, hyper converged

storage solution built completely based on

software defined storage principles

Software Pure Storage Sweden Undisclosed





Date

Deal Target Target

country


Investor

Acquirer

country /

funding

round

Deal size

($m)

May 2

019

Fundraising MemVerge USA

Provider of a hyper-converged infrastructure

solution using proprietary distributed memory

objects and memory-converged infrastructure

systems

Software

Lightspeed

Venture

Partners &

others

Early Stage25

Marc

h 2

019

Fundraising DragonGlass USA

Provider of modular infrastructure including a

data center, a server rack, the DragonDen

Server, shards, power supplies & components

and a software for cryptocurrency mining

Hardware Undisclosed Early Stage1

Fundraising Dathena SingaporeOffers machine learning powered enterprise

data classification solutionHardware

CerraCap

Ventures &

othersEarly Stage Undisclosed

Fundraising LeoNovus USAProvider of data storage and security solution

by leveraging blockchain technologyHardware

Clarus

Securities &

Pinetree

Capital

Late Stage2

Fundraising Portworx USAProvider of a software-defined infrastructure for

containerized applicationsSoftware

Mayfield Fund,

Mubadala &

others

Mid Stage27

M&A Kaiam USAProvides optical communication solutions for

data centers

Integrated

CircuitsBroadex-tech UK

6

Fundraising Aeponyx CanadaDesigns and manufacturs chips for fiber optic

access to the cloud

Integrated

Circuits

Fonds

Innovexport &

others

Early Stage6

Fundraising Igneous Systems USA

Provider of backup and archiving solutions for

all data the and remote management of

secondary storage tier

Hardware

New Enterprise

Associates &

others

Mid Stage26

Fundraising GridScale Germany Provides cloud IaaS solutions SoftwareEndeit Capital

& othersEarly Stage

8

M&A Chromotif USADeveloper of cloud based enterprise

applications and desktop delivery platformsSoftware Nutanix USA Undisclosed

Fundraising Lightbits Labs USADeveloper of an NVMe/TCP based SSD solution

to reduce the tail latencyHardware

Walden, Dell &

othersMid Stage

50

FundraisingQuicko

TechnoSoft Labs India

Develops and provides a Internet based SaaS

solution for customer engagementSoftware

Cisco Systems

& othersMid Stage

13

M&A Nginx Software USA

Develops solutions such as ADC/load

balancing, microservices, security, cloud and

API gateway

Hardware F5 Networks USA670

Fundraising

Nanjing

Yunxinda

Technology

ChinaProvides a data management solution for cloud

and data center infrastructureSoftware

Shenzhen

Dongfang

Fuhai

Investment

Management

Early Stage Undisclosed

M&A Mellanox USA

A provider of end-to-end ethernet and

InfiniBand interconnect solutions and services

for servers, storage and hyper-converged

infrastructure

Hardware Nvidia Israel6,900

Fundraising QNu Labs IndiaDevelops Quantum cyber-security products

using Quantum Key Distribution

Integrated

CircuitsAngel Early Stage <1

FundraisingRockley

PhotonicsUSA Silicon photonics for high speed networks

Integrated

Circuits

Hengtong

GroupMid Stage

30





Date

Deal Target Target

country


Investor

Acquirer

country /

funding

round

Deal size

($m)

Feb

ruary

2019

M&A

The Flexential

Fort Lauderdale

Data Center

USA A data storage provider Infrastructure

Landmark

Infrastructure

Holding

Company

USA25

FundraisingSource

PhotonicsUSA

Designer, manufacturer and distributer of

optical communication products, including

PON, optical transceivers and other optical

components

Hardware Undisclosed Late Stage100

Fundraising Odaseva FranceProvides a cloud data management platform for

the enterpriseSoftware

Partech,

Salesforce

Ventures &

others

Early Stage12

M&AAptum

TechnologiesCanada Provides managed hosting and cloud services Infrastructure

Digital Colony

ManagementUSA

548

Fundraising Lightmatter USADeveloper of AI based photonic

microprocessors

Integrated

Circuits

Google

Ventures &

others

Early Stage22

FundraisingCambridge

CommunicationUK

Provider of small cell microwave backhaul

systemsHardware

Cambridge

Capital Group,

Imperial

Innovations &

others

Mid Stage10

M&A NetComm Australia

Provides broadband & wireless M2M

equipment to telecom carriers, ISPs, system

integrators and enterprise customers

Hardware Casa Systems Australia115

Fundraising Nasuni USA

Provides storage controller and cloud gateway

solutions for enterprise companies with

distributed offices across the globe

Hardware

Goldman

Sachs, Dell &

others

Late Stage25

Fundraising Peraso CanadaMulti gigabit millimeter wave single chip

transceivers

Integrated

Circuits

Roadmap

CapitalLate Stage

32

M&A Ineda IndiaA manufacturer and distributes semiconductors

and low-power system-on-chip solutionsHardware Intel India Undisclosed

M&AKao Data

CentresUK A data storage provider Infrastructure

Legal &

GeneralUK Undisclosed

Fundraising Turbonomic USAProvides a workload management solution for

cloud and virtualized environmentsSoftware

Bain Capital

Ventures,

General

Atlantic &

others

Late Stage Undisclosed

Fundraising KmeshUSA

India

Provides a software that transforms centralized

data into distributed data, which operates over

multiple clouds

Software

March Capital

Partners & The

Fabric

Early Stage3

M&A Romonet UK

Offers a cloud based big data platform that

collects IT load, financial, power and water

metrics of data centers or cloud computing

centers

Software CBRE UK Undisclosed





Date

Deal Target Target

country


Investor

Acquirer

country /

funding

round

Deal size

($m)

Jan

uary

2019

M&A Griddable USAProvides a platform for synchronized data

integration for the hybrid cloudSoftware Salesforce USA Undisclosed

M&A DCI Data Centers Australia Data storage provider Infrastructure

Brookfield

Infrastructure

Partners

Canada272

Fundraising Pliops Israel A developer of cloud storage solutions Hardware

Xilinx, Intel

Capital &

others

Mid Stage30

M&A COLO-D CanadaProvides carrier-neutral colocation and business

continuity services Infrastructure Undisclosed Undisclosed

58

Fundraising Panasas USAA provider of hybrid storage for data-intensive

applicationsHardware

The Carlyle

Group, Intel &

others

Late Stage4

Fundraising Invono Sweden

A secure solution for uploading, storing,

categorizing and assigning attributes and

permissions when sharing documents within

and outside organizations

Infrastructure Undisclosed Early Stage1

M&A4Degrés

ColocationCanada

Provides data center solutions such as Tier III

colocation infrastructure and secure e-

commerce payment options

InfrastructureVantage Data

CentersUSA

192

M&A Jaguar Network France

Provides hosting, fiber-optic network

connectivity solutions, corporate telephony and

cloud services to the enterprises

Infrastructure Iliad Group France114

FundraisingIsotropic

SystemsUK

Provider of satellite communication antennas to

telecom, aviation, shipping, defense, railway

and other enterprise sectors

HardwareBoeing &

othersEarly Stage

14

M&A CloudCentral UKA provider of dynamic cloud infrastructure and

platform servicesInfrastructure Vintek Australia Undisclosed

Fundraising Rubrik USAProvides converged data management platform

for enterpriseHardware

Greylock

Partners,

Khosla

Ventures &

others

Late Stage261

M&AIM Flash

TechnologiesUSA A manufacturer of flash memory chips Hardware Micron USA

1,163

M&A

Equinix HH1

International

Business

Exchange

Germany A data storage provider Infrastructure Equinix USA10

Fundraising Enmotus USACache solution provider that enables SSD based

storage to transact optimallyHardware

Tech Coast

Angels,

Exponential VC

& others

Early Stage1

M&A LDeX UKProvider of data centres and low latency

connectivity solutionsInfrastructure Iomart Group UK

14



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Acuity Datacenter Technology Report H1 2019 · 2019-12-16 · Acuity Advisors Datacenter Technology...

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