Although Compuverde was acquired in April 2019, I have not seen any coverage over the acquisition price. I happened to stumble upon it while combing over the 2Q’FY20 Pure Storage 10Q statement so thought I’d quickly share with you; I really do need to find some late-night shows to watch; any recommendations?
From Pure’s 10Q, it looks like the 20 Compuverde employees also received $3M in RSUs and the founders (Wikipedia claims three although I couldn’t find Roger in a quick search) will get $15.9M over three years (assuming they stay on..why wouldn’t they?). Adding it all up, it comes out to about $66.8M plus ongoing salaries of the 20 (based on Forbes article linked above) or so employees they brought on.
If you already knew the acquistion price before reading this, you are a rockstar! Next time, share with me… sharing is caring!
If you haven’t read my Deep Dive on Pure Storage, please read Part 1 (Revenue, Op Profit, and Headcount details) and Part 2 (Sales & Marketing expenses broken down by Employee Compensation w/ commission and stock, Marketing, Travel, and more). More posts to come soon.
Disclaimer: I work for Hitachi Vantara (read my about page for a longer disclaimer) which is a competitor to Pure Storage. However, any post on this entire site has nothing to do with my employment there. I am also not an expert at analyzing financial statements so may have misinterpreted the data; please read the 10Q (Page 15; page 19 of PDF) to verify my interpretation of the acquisition details.
-Ryan
I have been around IT since I was in high school (running a customized BBS, and hacking) and am not the typical person that finds one area of interest at work; I have designed databases, automated IT processes, written code at the driver level and all the way up to the GUI level, ran an international software engineering team, started an e-commerce business that generated over $1M, ran a $5B product marketing team for one of the largest semiconductor players in the world, traveled as a sales engineer for the largest storage OEM in the world, researched and developed strategy for one of the top 5 enterprise storage providers, and traveled around the world helping various companies make investment decisions in startups. I also am extremely passionate about uncovering insights from any data set. I just like to have fun by making a notable difference, influencing others, and to work with smart people.