Kalray Sell Pixit Media and Arcastream to DataCore
Deal News | Feb 17, 2025 | Cripps
French-listed technology firm Kalray has successfully sold its UK trading businesses, Pixit Media and Arcastream, to US-based DataCore. The transaction, overseen by legal advisor Cripps, was a complex, multi-million-pound cross-border deal that required coordination across French, US, and UK jurisdictions. Pixit Media and Arcastream, specializing in unified data management solutions, will now operate under DataCore's international umbrella, further consolidating DataCore's position in the software-defined storage market. The negotiation was marked by collaboration between all parties, with Cripps offering crucial legal guidance. Kalray views the divestment as a strategic step towards focusing on its primary business objectives.
Sectors
- Technology
- Media and Entertainment
- Legal Services
Geography
- United States – DataCore, the acquiring company, is headquartered in the US.
- United Kingdom – Pixit Media and Arcastream, the businesses sold, are UK trading entities of Kalray.
- France – Kalray, the selling company, is a French-listed firm.
Industry
- Technology – The article involves companies specializing in data management, software-defined storage, and technology solutions.
- Media and Entertainment – Pixit Media and Arcastream provide data management solutions extensively used in the media and entertainment sectors.
- Legal Services – Cripps acted as the legal advisor for the transaction, showcasing expertise in cross-border technology deals.
Financials
- Multi-Million Pounds – The transaction value for the sale of Pixit Media and Arcastream to DataCore.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kalray | Seller | Company | A French-listed company specializing in data processing technologies, selling its UK units. |
| Pixit Media | Target Company | Company | UK-based company offering unified data management solutions and part of the transaction. |
| Arcastream | Target Company | Company | UK-based company providing data management solutions, included in the sale. |
| DataCore | Buyer | Company | A US-headquartered firm known for software-defined storage solutions, acquiring Pixit Media and Arcastream. |
| Cripps | Legal Advisor | Company | Legal firm advising Kalray in the transaction. |