ICFG UK advises on the sale of Object Matrix to DataCore Software
| Target | Object Matrix Limited |
| Deal Type | Mergers & Acquisitions |
| Buyer | US storage software company DataCore Software |
| Territory | UK |
| Transaction Description | 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. |
| Industry Sector | Technology, Media & Comms |
| ICFG Office | Henley-on-Thames |
ICFG member based in the UK, HMT LLP, led by Partner James Thomas and Senior Manager Ben Hoekstra advised Object Matrix Limited (“Object Matrix”), the leading object storage pioneer and media archive specialist on its sale to US storage software company DataCore Software (“DataCore”).
