Acquisition Positions DataCore to Expand in High-Growth Edge Markets
FT. LAUDERDALE, Fla. — Jan. 24, 2023 — DataCore Software today announced it has acquired Object Matrix, the award-winning object storage pioneer and media archive specialist. Object Matrix’s best-of-breed appliances and cloud offerings will become part of the DataCore Perifery portfolio that specializes in delivering end-to-end, application-centric solutions for edge and high-growth markets, including media and entertainment. This acquisition reinforces the Perifery line of edge devices and solutions, while adding unparalleled talent and expertise to the Perifery team.
“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,” said Abhijit Dey, general manager of DataCore’s Perifery business. “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.”
Object Matrix develops MatrixStore on-premises appliances, hybrid solutions, and cloud storage offerings that enable broadcasters and service providers to securely manage content at every stage of the media lifecycle, offering significant operational and financial benefits. Object Matrix customers include NBC Universal, Warner Bros. Discovery, MSG-N, ATP Media, BT, and the BBC. Object Matrix customers will benefit from the innovative capabilities of DataCore’s well-established, worldwide presence and award-winning support.
Acquiring Object Matrix accelerates the DataCore.NEXT vision to enhance the customer’s journey from core to the edge and cloud. By strategically aligning the Perifery and Object Matrix solution offerings, DataCore is redefining how storage resources are best utilized to ensure optimal results and the lowest cost for customers, turning technology barriers into breakthroughs.
“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,” said Jonathan Morgan, CEO of Object Matrix. “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.”
The acquisition of Object Matrix kicks off an exciting year for DataCore following two strategic acquisitions of Caringo in January 2021 and MayaStor in November 2021. Caringo’s Swarm Object Storage software currently serves hundreds of customers in over 25 countries, growing in excess of 35% in 2022. DataCore Bolt, developed through the MayaStor acquisition, is a Kubernetes storage and data services platform for containerized applications. MayaStor is approaching 1M downloads a year and has seen over 50% user growth since 2021.
About DataCore Software (www.datacore.com) DataCore Software is dedicated to delivering world-class solutions to the most challenging storage problems. For over 15 years, the most demanding media and entertainment organizations have counted on DataCore’s Swarm to preserve and protect their petabytes of high-resolution content. Fast, secure, affordable, and scalable, DataCore’s Swarm speeds up content monetization for media professionals.
About Object MatrixObject Matrix is the award-winning software company that pioneered object storage and the modernization of media archives. It exists to enable global collaboration, increase operational efficiencies and empower creativity through deployment of MatrixStore, the on-prem, hybrid and cloud storage platform. Object Matrix’s unified deployment approach ensures content spans on-prem and cloud storage while its focus on the media industry gives the company a deep understanding of the challenges organizations face when protecting, processing, and sharing video content.