DriveScale acquired by Twitter
Deal Synopsis
The company was acquired by Twitter for an undisclosed amount on January 25, 2021.
Seller Details
DriveScale is a provider of information management services intended to bring hyperscale computing capabilities to mainstream enterprises. The company's services assist data center infrastructure managers to transit and optimize scale-out infrastructure by delivering an integrated set of on-premise and SaaS tools that coordinate between multiple levels of infrastructure, enabling users to acquire manageability, flexibility and optimization for scale-out environments.
Buyer Details
Twitter is an open distribution platform for and a conversational platform around short-form text (a maximum of 280 characters), image, and video content. Its users can create different social networks based on their interests, thereby creating an interest graph. Many prominent celebrities and public figures have Twitter accounts. Twitter generates revenue from advertising (90%) and licensing the user data that it compiles (10%).