Samsung Catalyst Fund is exiting data recovery technology provider Datrium, which was valued at about $280m in its last funding round.
Virtualisation software producer VMware agreed on Wednesday to purchase cloud software provider Datrium in a deal of undisclosed size that will allow consumer electronics manufacturer Samsung to exit.
Datrium provides cloud-based data management software for organisations to help them store, protect, encrypt and back up data.
The company is currently focused on disaster recovery (DR) for workloads on VMWare platform VMware Cloud but will look to expand its service to all major cloud computing platforms once the transaction closes.
Samsung’s…
