Sale of Object Matrix to DataCore Software
HMT advised Object Matrix Limited, the leading object storage pioneer and media archive specialist on its sale to US storage software company DataCore Software.
Object Matrix is the award-winning venture-backed software company that has pioneered object storage and the modernization of media archives 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 and its focus on the media industry gives a deep understanding of the challenges organizations face when protecting, processing, and sharing video content. Customers include NBC Universal, Warner Bros. Discovery, MSG-N, ATP Media, BT, and the BBC.
HMT were engaged to run an international process to identify a strategic acquirer who would be able to accelerate Object-Matrix’s fast-growing SaaS offering even further and following a competitive process, DataCore was selected as preferred partner, complementing its own world-class solution portfolio, increasing reliability and agility for customers in the fast growing media and entertainment edge market.
Jonathan Morgan, CEO of Object Matrix commented:
“This (sale) signifies an exciting new stage for Object Matrix, allowing us to extend our reach and product ambitions within DataCore while continuing to develop our state-of-the-art on prem, cloud, and hybrid media storage solutions.
HMT were instrumental in not only identifying the right buyer but helping drive the transaction to an aggressive timeline designed to meet Datacore’s own reporting requirements for its distributor network. James and Ben provided sage counsel throughout and we thank them for their dedication and can-do attitude throughout.”
James Thomas commented:
“We are pleased to have helped both founder management and investors achieve an exit to a fast-growing US strategic acquirer that is well placed to further accelerate deployment of Object Matrix’s award-winning product portfolio. Working to a tight schedule, we are glad to have delivered on this transatlantic deal for both sides and I wish Jonathan, Nick and Francisco all the best for the future and delivery of their continued global ambitions.”
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