Kalray enters into exclusive negotiations for the acquisition of Arcapix Holding Ltd


Kalray enters into exclusive negotiations to acquire Arcapix Holding Ltd, a leading provider of software-defined storage solutions for data-intensive applications

Kalray (Euronext Growth Paris: ALKAL), a major player in the next generation of processors and acceleration cards specializing in Intelligent Data Processing from the Cloud to the Edge, announces today that it has entered into exclusive negotiations for the acquisition of 100% shares of Arcapix Holding Ltd, a leading provider of software-defined storage and data management solutions for data-intensive applications.

Eric Baissus, President and CEO of Kalray said:

“I look forward to this acquisition which will accelerate our time to market and strengthen our key position in the data-intensive storage market. It is perfectly in line with Kalray’s development strategy and ambition, in addition to our products, our team, our expertise and our markets. With this acquisition, we would gain new customers and strategic partners to propel our business forward. We have been impressed with the two founders, Ben, Barry and their team and what they have been able to accomplish over the past few years. I look forward to working closely with them to realize our ambition to become a leading solution provider for a smarter, more efficient and more user-friendly data-driven world.”

Ben Leaver, co-founder and CEO of Arcapix said:

“We are delighted to join the Kalray family. We have come to trust and respect his leadership, and have high hopes for his ambitious vision and breakthrough technology.

We believe that together we can create and provide our customers with superior quality products that deliver undeniable value. As data increasingly shapes the modern enterprise, its management becomes increasingly critical and faces increasing demands for performance, scalability, and flexibility. We have a proven track record of meeting such demands. With Kalray, we will be able to take it to the next level, both technologically and commercially”.


Arcapix Holdings Ltd (“Arcapix“) is a UK-based company that provides high-performance storage and data management solutions for intensive and mission-critical data.

Arcapix was founded in 2013 by Ben Leaver and barry evans. It operates under the brands pixitmedia and arcastream, which serve the highly demanding media and entertainment, AI, life sciences, engineering, and scientific research storage industries. These industries are among the fastest growing storage segments with an estimated CAGR of over 20% for the next five years.

Arcapix products are endorsed by some of the world’s leading organizations in their field. Some have been publicly advertised, such as Framestore, Red Bee Media and Imperial College London. Arcapix products are sold directly or through strategic reseller partners such as Dell Technologies.

Arcapix recorded a positive EBITDA and achieved annual sales of approximately 7 million euros in its last financial year (in March 2021).


As technologies such as AI (artificial intelligence), 5G, video streaming and analytics proliferate and produce massive amounts of data, there is a growing need for fast, flexible, ubiquitous and cost-effective storage solutions. to handle this deluge. This creates huge market opportunities for companies that can combine software and hardware innovations to create new ways to generate, analyze, manage and deploy data.

Arcapix has developed a unique and powerful software storage solution. It combines flash, disk, tape, and cloud storage into a unified, multi-protocol system. It’s lightning-fast, infinitely scalable, easily manageable, and far more cost-effective than alternative solutions. It also allows customers to seamlessly manage their data from anywhere in a single namespace. This capability is critical as the lines between cloud, edge, and on-premises locations are becoming increasingly blurred.

Kalray provides fully programmable, high-computing, low-power consumption accelerator boards based on its unique patented family of Data Processors (DPUs). Last year, Kalray announced the commercial availability of its new storage accelerator card, the K200-LPMT which targets the data-intensive storage market. Kalray recently announced the availability of a state-of-the-art NVME storage array, the FlashboxMT. Co-developed with Viking Enterprise Solutions, a division of Sanmina Corporation, FlashboxMT is a unique solution with significant performance and cost benefits for customers upgrading to NVMe storage.

By offering its accelerator cards with Arcapix software products, Kalray will provide all the building blocks needed for the next generation of smart data appliances and infrastructures.

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This planned acquisition fits perfectly with Kalray’s ambition to significantly grow its business, accelerate its go-to-market plans and expand cross-selling opportunities.

  • With this planned acquisition, Kalray start a solid dimension shift. To date, the Arcapix team has more than 50 employees, including experts in storage solutions and data-intensive applications. The team includes a sales and support force of more than 30 people worldwide.
  • This contemplated acquisition would provide access to new market opportunities for Kalray, in three of the most demanding and exciting data-intensive sectors: media, AI and scientific research.
  • With this contemplated acquisition, Kalray would also have access to Arcapix’s large customer portfolio and its set of strategic resellers including Dell Technologies. Arcapix will continue to serve existing customers through its current product portfolio while integrating Kalray NVMe Accelerator Cards and Kalray FlashboxMT in its solutions.


Kalray plans to acquire 100% of the share capital of Arcapix Holdings Ltd for a maximum amount of 464,770 Kalray shares and 0.9 million euros paid in cash subject to closing adjustments. By way of illustration, a shareholder holding 1.00% of the current share capital of Kalray prior to the completion of the contemplated acquisition would hold a 0.93% interest if all of the aforementioned Kalray shares were ultimately issued to the sellers.

The signature of the final documentation, which would be announced by a press release, should take place in the first quarter of 2022, after consultation with the Kalray works council (social and economic committee) and subject to the final agreement of the parties on the terms of the transaction. The financial audit has already been carried out and the legal audit is in progress. Completion of the transaction would be subject to customary conditions and approval by Kalray’s general meeting of shareholders. Kalray will keep the market informed of the next steps.

The vote of the General Meeting will focus in particular on the resolution necessary for the implementation of this acquisition project and in particular on the issue of the shares necessary for its realization. The contribution auditor’s report will be made available to shareholders prior to the General Meeting.

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