LONDON, UK – GrowthPoint is pleased to announce that our client, Ondat, has entered into a definitive agreement to be acquired by Akamai Inc. (NASDAQ: AKAM). Ondat provides a cloud-based storage technology with a Kubernetes-native platform for running stateful applications anywhere at scale. The technology delivers persistent storage directly onto any Kubernetes cluster for running business-critical, stateful applications safely across any public, private and hybrid clouds.
The acquisition of Ondat’s cloud storage technology and its industry-recognized talent is intended to strengthen Akamai’s cloud computing offerings. GrowthPoint’s deal team led by Nick DeRose. GrowthPoint acted as Ondat’s exclusive financial advisor.
Read more from the official press release here.