Nordhaven advised Finnish Tuxera on the acquisition of Seattle-based Datalight

11 june 2019

Nordhaven acted as exclusive financial advisor to Tuxera, the world-leading storage software and networking technology company, on the acquisition of Datalight, a North American developer of embedded file systems.

Datalight was founded in 1983 and the company develops both flash file systems and flash management software. Datalight’s software optimize solid-state storage for demanding product categories, including automotive, medical, retail, industrial automation and military/aerospace.

The combined forces of Tuxera and Datalight will now provide the world’s most comprehensive embedded storage management software portfolio to meet the fast-growing global demand for data storage. The combination of the two companies will bring significant benefits to any device, vehicle, or industrial products manufacturer with onboard or edge storage requirements.

From a strategy point of view, this transatlantic acquisition was very important to establish Tuxera as the leading company worldwide with the widest portfolio in our market and to serve our demanding customers in the best possible way. We are greatly impressed about and thankful for Nordhaven's dedication, expertise, flexibility, value-add and leadership throughout this complex transaction. We look forward to working with them in the future" says Szabolcs Szakacsits, President & CTO at Tuxera.

We are proud of being able to support Tuxera in achieving their strategic goal. It was also exciting for our team to learn in depth about this interesting technology niche. Moreover, it is quite exceptional for a Finnish technology company to make an acquisition in the US” comments Juha Raunio, Managing Partner and head of TMT sector at Nordhaven Finland.

This transaction represents Nordhaven’s fifth M&A transaction in the Nordic software space in 2019.

 

For further information, please contact:

Juha Raunio, +358 40 570 5260, juha.raunio@nordhaven.com

Join our newsletter
Subscribe to our newsletter to receive the latest news from Nordhaven Corporate Finance.
  • Helsinki
  • Eteläranta 12
  • +35 8 207 613 910
  • Oslo
  • Hieronymus Heyerdahls gate 1
  • +47 21 50 70 00
  • Stockholm
  • Birger Jarlsgatan 14
  • +46 72 318 48 50
 
Contact LinkedinPrivacy Policy
Nordhaven
Website by Almedialt