Pure Storage

General Information
Business:

Our mission is to deliver data storage that transforms business through a dramatic increase in performance and reduction in complexity and costs. Our innovative technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. At the same time, our innovative business model replaces the traditional forklift upgrade cycle with an evergreen storage model of hardware and software upgrades and maintenance. Our next-generation storage platform and business model are the result of our team’s substantial experience in enterprise storage and web-scale infrastructure, as well as frustration with the industry’s status quo. This deep industry understanding led to the development of our three-part integrated platform: the Purity Operating Environment, our flash-optimized software, FlashArray, our modular and scalable all-flash array hardware, and Pure1, our cloud-based management and support. Our platform can deliver a 10X acceleration in business applications over legacy disk-based storage. It is also designed to be compatible with existing infrastructure, substantially more reliable, and power and space efficient.

Industry: COMPUTER STORAGE DEVICES
Employees: 1100
Founded: 2009
Contact Information
Address 650 Castro Street, Suite 400, Mountain View, CA 94041, US
Phone Number (800) 379-7873
Web Address http://www.purestorage.com
View Prospectus: Pure Storage
Financial Information
Market Cap $3145.0mil
Revenues $273.8 mil (last 12 months)
Net Income $-201.0 mil (last 12 months)
IPO Profile
Symbol PSTG
Exchange NYSE
Shares (millions): 25.0
Price range $17.00 - $17.00
Est. $ Volume $425.0 mil
Manager / Joint Managers Morgan Stanley/ Goldman Sachs/ Barclays/ Allen & Company/ BofA Merrill Lynch
CO-Managers Pacific Crest Securities (a division of KeyBanc Capital Markets/ Stifel/ Raymond James/ Evercore ISI
Expected To Trade: 10/7/2015
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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