Cripps advises Kalray on sale of Pixit Media and Arcastream to DataCore

We are pleased to have advised French-listed Kalray on the sale of its UK trading businesses, Pixit Media and Arcastream, to US-headquartered DataCore in a multi-million-pound cross-border technology transaction.

Pixit Media and Arcastream specialise in unified data management solutions, including software, hardware, and associated professional and maintenance services. Their solutions are widely used within the media and entertainment industry and by resellers worldwide.

DataCore is a leading provider of software-defined storage and intelligent data management solutions, helping organisations worldwide optimise their storage infrastructure and enhance performance. Headquartered in the US, DataCore has a strong global presence and a track record of acquiring and integrating innovative technology businesses to strengthen its market position.

This was a complex international transaction involving French, US, and UK elements, requiring seamless coordination across multiple jurisdictions and a tight timetable. Cripps provided expert guidance throughout the sale process, leveraging our significant experience advising French companies, navigating deals with US buyers, and drawing on the expertise of our specialist commercial tech team to ensure a smooth and successful completion.

John Kirkwood, partner at Cripps, commented “As well as showcasing our international tech deal experience, this transaction was a true team effort. We worked collaboratively with Kalray and DataCore to ensure a smooth process and an exciting future for Pixit Media and Arcastream under DataCore’s ownership. We wish all parties the best for the future.”

Denis Scherrer, CFO of Kalray, commented “We are very pleased with the successful completion of this transaction, which marks an important milestone for Kalray. Cripps provided invaluable support throughout the process, ensuring a seamless and efficient sale. Their deep understanding of cross-border tech deals and commercial insight made a real difference in getting this over the line. We are confident that Pixit Media and Arcastream will continue to thrive under DataCore’s ownership.”

Eric Baissus, CEO of Kalray, added “This transaction aligns with Kalray’s strategy to focus on our core business areas while ensuring that Pixit Media and Arcastream have the right platform for future growth. We appreciated Cripps’ expert legal guidance in navigating this complex cross-border deal and helping us achieve a positive outcome.”

The Cripps team was led by John Kirkwood (corporate) and included Paul Maudgil (corporate), Jack Broadley (corporate), Amelia Collins (commercial tech), Elliot Fry (commercial tech), Holly Milne-Peasey (employment), Sarah Glockler (employment), Luke Smyth (real estate), and Rachel Holdaway (real estate).