iStorage, Kanguru and CAST Group Join Forces
Goup with mission to unite like-minded entrepreneurial companies within data protection, storage, servers and reliable communication
This is a Press Release edited by StorageNewsletter.com on November 12, 2024 at 2:15 pmiStorage Ltd, a UK hardware-encrypted storage and cloud security solutions, announces its partnership with CAST Group, a group in data protection, storage, servers and communication.
Through this partnership, iStorage, and Kanguru Solutions, based in Boston, USA, will join CAST. Founded in 2024 by Systematic Growth, a Swedish investment company focused on building niche leaders. CAST will deliver a range of information security products and services on a global scale towards the growing information security market.
With a combined history of almost 50 years, iStorage and Kanguru have designed, developed and manufactured storage solutions, trusted by sectors including government, military, healthcare, energy, and finance. Joining forces with CAST marks a milestone in iStorage and Kanguru’s shared mission to provide hardware-encrypted storage solutions WW.
John Michael, founder and CEO, iStorage, commented: “As part of CAST, we are now positioned to achieve even greater heights. This partnership will provide access to extensive resources, expanded technological capabilities and a broader market reach. These combined strengths will accelerate innovation, enhance our product offerings, expand our geographic footprint and better serve our customers and partners.“
Nate Cote, MD Americas and chief growth officer, Kanguru, commented: “The confidence that the team at CAST has demonstrated in us through this investment validates the past, present, and future vision of the combined group as the global leader in the secure storage sector. We are excited to continue earning the trust of our customers and partners worldwide for years to come.”
Jakob Holm, CEO, CAST, commented: “This acquisition marks our first shovel in the ground for the CAST platform-an inaugural step towards establishing a robust foundation for an expansive, global future. It underscores our commitment to pioneer innovation and certified leadership in the global information security sector. We are setting the stage for a new era of growth and industry leadership.”
This announcement follows iStorage’s recent acquisition of Kanguru Solutions, a US-based in high-security storage drives. This strategic move has broadened the group’s portfolio of secure, user-friendly products and substantially expanded its customer-centric channel partner network, thereby establishing a global powerhouse in secure data.
As cyber threats become increasingly complex, the combined capabilities of iStorage, Kanguru, and CAST will continue to provide robust protection for sensitive data WW.