Florida, USA-based provider of application-centric solutions for edge and high-growth markets, including media and entertainment, DataCore Software acquired UK-based object storage and media archive provider Object Matrix. The company announced the acquisition on January 24, 2023. However, it did not disclose the amount of the deal.

Purpose of acquisition by DataCore

With the latest acquisition of Object Matrix, DataCore software accelerates the DataCore.NEXT vision is to enhance the customer’s journey from the core to the edge and cloud. It seeks to strategically align the Perifery and Object Matrix solution offerings. With the alignment, DataCore redefines how storage resources are best utilized to ensure optimal results and the lowest cost for customers, turning technology barriers into breakthroughs.

As a part of the deal, Object Matrix’s best-of-breed appliances and cloud offerings will become part of the DataCore Perifery portfolio. Besides, it specializes in delivering end-to-end, application-centric solutions for edge and high-growth markets, including media and entertainment. The acquisition further strengthens the Perifery line of edge devices and solutions while adding unparalleled talent and expertise to the Perifery team.

What the DataCore official has to say

Abhijit Dey, general manager of DataCore’s Perifery business, said, “Gartner predicts that more than 50% of enterprise-managed data will be created and processed at the edge by 2025. We’re excited to expand our Perifery portfolio with innovative solutions that will enable us to lead in edge markets. The Object Matrix product line perfectly complements our world-class solution portfolio, increasing reliability and agility for customers in the fast-growing media and entertainment edge market. Working with the Object Matrix team, we look forward to bringing industry-leading innovation and providing continued technology and customer support.”

What the Object Matrix official has to say

Jonathan Morgan, CEO of Object Matrix, further added, “This announcement signifies an exciting new stage for Object Matrix, allowing us to extend our reach and product ambitions within DataCore while continuing to develop state-of-the-art on-prem, cloud, and hybrid media storage solutions. By leveraging DataCore’s experienced leadership team, worldwide distribution — consisting of over 400 channel partners and more than 10,000 global customers — combined with world-class engineering, sales, and marketing, we are in an excellent position.”

About the company

In 2003, Founders Francisco Ontoso-Ramos, Jonathan Morgan, and Nicholas Pearce-Tomenius launched the company. The UK-based Object Matrix is the award-winning software company that pioneered object storage and the modernization of media archives. Object Matrix customers such as NBC Universal, Warner Bros. Discovery, MSG-N, ATP Media, BT, and the BBC.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.

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