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Press Releases

Press Release / January 20, 2022

Kalray Enters into Exclusive Negotiations for the Acquisition of Arcapix Holdings Ltd, a Leading Provider of Software-defined Storage Solutions for Data-intensive Applications

A strategic transaction that would:

  • Strengthen Kalray’s position as a key player in the fast-growing storage and intelligent data processing market;
  • Accelerate the market penetration of Kalray’s acceleration cards and storage solutions;
  • Give Kalray access to a broad customer base, world’s leading organizations and strategic resellers such as Dell Technologies – operating within Kalray’s core markets (Media & Entertainment, HPC, AI, life sciences, and others);
  • Complement Kalray’s customer propositions and skillset and produce cross-selling opportunities for Kalray’s Flashbox™ All-Flash-Array and K200-LP™ acceleration cards;
  • Represent a change of dimension for Kalray (+ >50 R&D, sales and support professionals in the UK and US;
  • Add a profitable business, Arcapix is expected to positively impact Kalray’s top and bottom line.

Grenoble – France, January 20, 2022 – Kalray (Euronext Growth Paris: ALKAL), a leading provider in the new generation of processors and acceleration cards specialized in Intelligent Data Processing from Cloud to Edge, today announced that it has entered into exclusive negotiations for the acquisition of 100% of the shares of Arcapix Holdings 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 am delighted at the prospect of this acquisition that will accelerate our go-to-market and strengthen our key position in the data-intensive storage market. It is perfectly aligned with Kalray’s development strategy and ambition, complimenting our products, team, expertise and markets. With this acquisition, we would gain new clients and strategic partners to propel our business forward. We have been impressed by the two founders, Ben, Barry and their team and by what they have managed to achieve in the last few years. I am looking forward to working closely with them to achieve our ambition to become a leading provider of solutions for a more intelligent, effective and user-friendly data-driven world”.

Ben Leaver, Arcapix’ co-founder and CEO said:
“We are excited at the prospect of joining the Kalray family. We have come to trust and respect its leadership, and we have high hopes about its ambitious vision and breakthrough technology.

We believe that together we can build and deliver superior products with compelling value to our customers. As data increasingly shapes the modern business, managing it becomes ever more critical and faces growing demands for performance, scalability, and flexibility. We have a proven track record in meeting such demands. Together with Kalray, we will be able to move to the next level, both technologically and commercially”.


Arcapix Holdings Ltd (“Arcapix”) is a UK Head Quartered company that offers high-performance storage and data management solutions for intensive and critical data.

Arcapix was founded in 2013 by Ben Leaver and Barry Evans. It operates under the brands pixitmedia and arcastream, that serve the highly-demanding storage verticals of Media & Entertainment, AI, Life Sciences, Engineering and Scientific Research. These industries are among the fastest-growing storage segments with a CAGR estimate of over 20% for the next five years[2].

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

Arcapix reported a positive EBITDA[3] and achieved an annual turnover of approximately € 7 million during its last fiscal year (as of March 2021)[4].


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. It creates tremendous market opportunities for companies that can combine innovations in both software and hardware to create new ways to generate, analyze, manage and deploy data.

Arcapix has developed a unique high-performance software storage solution. It combines flash, disk, tape, and cloud storage into a multi-protocol, unified system. It’s ultra-fast, limitlessly scalable, easily manageable, and far more cost-effective than alternative solutions. It also allows customers to transparently manage their data from anywhere, in a single name-space. This capability is critical as boundaries between cloud, edge, and on-premise locations become increasingly blurred.

Kalray provides high compute, low power, fully programmable acceleration cards based on its unique patented family of data processors (DPU). Last year, Kalray announced the commercial availability of its new storage acceleration card, the K200-LP™ that targets the data-intensive storage market. Kalray recently announced the availability of a leading-edge NVME storage array, the Flashbox™. Co-developed with Viking Enterprise Solutions, a division of Sanmina Corporation, Flashbox™ is a unique solution with significant performance and cost advantages to customers switching to NVMe storage.

By offering its acceleration cards with Arcapix’s software products, Kalray will deliver all the building blocks needed for the next generation of intelligent data appliances and infrastructures.


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

  • With this contemplated acquisition, Kalray would start a solid change in dimension. As of today, the Arcapix team includes 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 give access to new markets opportunities for Kalray, in three of the most demanding and exciting data-intensive industries – Media, AI & Scientific Research.
  • With this contemplated acquisition, Kalray would also have access to Arcapix’s broad customer portfolio and its set of strategic resellers including Dell Technologies. Arcapix will continue serving its existing customers through its current product portfolio while integrating Kalray’s NVMe acceleration cards and Kalray Flashbox™ into its solutions.


Kalray contemplates to acquire 100% of the capital of Arcapix Holdings Ltd shares for a maximum amount of 464 770 Kalray’s shares[5] and € 0.9 million paid in cash subject to closing adjustments . By way of illustration, a shareholder holding 1.00% of Kalray’s current share capital before the completion of the contemplated acquisition would hold a participation of 0.93% if all the above mentioned Kalray shares were eventually issued to the sellers.

The signing of the definitive documentation, which would be announced by a press release, is expected to take place in the first quarter of 2022, after consultation with Kalray’s works council (comité social et économique) and subject to the final agreement of the parties on the terms of the transaction. Financial audit has already been carried out and legal audit is ongoing. The completion of the transaction would be subject to customary conditions and the approval of the shareholders’ general meeting of Kalray. Kalray will keep the market updated of the next steps.

The vote of the Shareholders’ Meeting will focus in particular on the resolution necessary for the implementation of this acquisition project and in particular the issuance of shares necessary for its realization.

The report of the contribution auditor will be made available to shareholders prior to the holding of the General Meeting.


[1] The completion of the transaction would be subject to customary conditions and the approval of the shareholders’ general meeting of Kalray.
[2] Allied Market Research, 2021.
[3] EBITDA: Earnings before interests, taxes, depreciation, and amortization.
[4] unaudited data.
[5] At closing, 73,384 shares would be issued to the sellers and the balance of the purchase price of up to 391 386 additional shares will be paid in several deferred instalments over 3 years depending on the presence of the founders and completion of performance objective. The price per Kalray share that would be used in the acquisition would be equal to € 36.12 (the volume-weighted average price of the shares of Kalray over the 180-trading-day period immediately preceding the signature of the non-binding tem sheet related to the contemplated transaction).