Nasuni, a leading enterprise data platform for modern hybrid cloud environments, announced a strategic growth investment led by Vista Equity Partners. And Vista will be joined by TCV and KKR in the new investment, which values Nasuni at about $1.2 billion. The terms of the transaction were not disclosed.
The funding will build on Nasuni’s strong momentum disrupting the legacy storage industry to further accelerate product innovation and commercial expansion in the global hybrid cloud market.
Nasuni’s success so far includes sophisticated technology, top decile customer retention rates, and a consistent 30% growth rate in a rapidly expanding market with the advent of hybrid cloud and AI. Nasuni’s data platform is used by over 850 companies spanning 70 countries and is in use by some of the largest enterprises in the manufacturing, consumer goods, and energy industries.
Nasuni is a scalable data platform for enterprises facing an explosion of unstructured data in an AI world. And the Nasuni File Data Platform offers effortless scale in hybrid cloud environments, enables control at the network edge, and meets the modern enterprise expectation for insight- and AI-ready data. It also simplifies file data management while increasing storage access and performance.
The company’s file recovery protects customers against a range of cyber threats and eliminates the need for specialized backup and disaster recovery while also cutting the cost of infrastructure by up to 65%. Organizations worldwide depend on Nasuni, spanning across the manufacturing, construction, energy, consumer goods, and public sectors. Nasuni’s corporate headquarters is in Boston, Massachusetts, and the company delivers services to over 70 countries. BofA Securities served as the exclusive financial advisor and Goodwin Proctor served as legal advisor to Nasuni. Kirkland & Ellis served as legal counsel to Vista and TCV. And KKR is making the investment through its Next Generation Technology III Fund.
KEY QUOTES:
“At Nasuni, we care first and foremost about the success of our customers, partners, and employees. We are maniacal about our commitment to delivering quality in every aspect of our business and interaction with our customers. This investment and our strategic partnership with Vista, TCV, and KKR will allow us to build upon that commitment, scale with purpose and continue to innovate as we look to take Nasuni to the next level.”
- Paul Flanagan, CEO of Nasuni
“Nasuni’s platform offers a highly differentiated approach to consolidating, protecting, and managing data at scale with performance that is critical to supporting AI applications and other high-volume data use-cases. We are thrilled to partner with the Nasuni team as they work to help businesses optimize their expanding and complex data needs with solutions that are fast, secure, and highly cost-effective.”
- Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director
