- Inveniam Capital Partners has agreed to acquire Storj, a company specializing in decentralized cloud storage.
- The acquisition will integrate Storj’s technology into Inveniam’s platform for managing private market data.
- The financial terms of the deal were not disclosed.
- Storj will keep operating independently with existing contracts and leadership intact.
- The STORJ token, related to Storj’s ecosystem, will remain active and integrated.
Inveniam Capital Partners announced on Wednesday that it has signed a definitive agreement to acquire Storj, a company known for decentralized cloud storage solutions. The transaction will bring Storj’s distributed storage and computing technology into Inveniam’s data operating and orchestration platform designed for private markets.
Financial details of the acquisition were not made public. The deal aims to merge Storj’s capabilities with Inveniam’s platform while allowing Storj to continue operating as a standalone subsidiary without immediate changes to service agreements, pricing, or management.
Patrick O’Meara, chairman and CEO of Inveniam, stated, “Storj’s unique technology is a critical enabler of Inveniam’s mission.” He also highlighted plans to incorporate the STORJ token into their ecosystem, saying, “We’re particularly excited to integrate the STORJ token into our ecosystem, driving greater utility and alignment across our platforms.” The STORJ token experienced an 18% drop in value over the past 24 hours, trading near $0.18.
Storj CEO Colby Winegar will remain in charge of the subsidiary, and Executive Chair Ben Golub will join Inveniam’s board. The STORJ token will continue to support Storj’s network, and all customer, supplier, and community relationships, including those tied to its storage, GPU, and Petagene business units, will stay intact.
For more details on leadership at Storj, see Crypto-Backed Cloud-Storage Platform Storj Promotes Colby Winegar to CEO.
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