StorMagic Acquires KeyNexus
April 7, 2020
StorMagic acquired KeyNexus, a Victoria, British Columbia–based developer of encryption key management solutions, and integrated its technology into StorMagic’s newly launched SvKMS key management product. The acquisition broadens StorMagic’s portfolio from edge storage into security, doubling its addressable market and bringing KeyNexus founder Jeff MacMillan into StorMagic as CTO.
- Buyers
- StorMagic
- Targets
- KeyNexus
- Industry
- Cybersecurity
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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