Everpure acquires 1touch.io

Everpure, formerly known as Pure Storage, has announced the acquisition of 1touch, a company specializing in data intelligence and orchestration. The acquisition aims to bolster Everpure's data management capabilities, particularly in the context of AI-driven environments. The transaction, the financial details of which have not been disclosed, forms part of Everpure's strategic shift toward broader data management solutions under its new brand identity.

In conjunction with its rebranding, Everpure plans to enhance its Enterprise Data Cloud (EDC) architecture with 1touch's data discovery and semantic context functionalities. These enhancements are expected to advance the company's capacity to deliver a unified view of enterprise data, vital for AI readiness, and reduce manual data management operations. Ashish Gupta, CEO of 1touch, highlighted the integration's potential to expedite AI project transitions from pilot to production by removing data barriers and enhancing contextual intelligence.

The acquisition reflects Everpure's strategy to address the current challenges posed by siloed data systems and inadequate AI infrastructure. Everpure aims to act on the pressing market need for scalable data architectures that reduce operational risks and improve the time-to-insight. By integrating 1touch's technology, the Everpure Platform intends to manage not just data storage but also the understanding and utilization of data, particularly critical for the operationalization of AI technologies.

As Everpure transitions to its new branding, it will continue to trade on the New York Stock Exchange under the ticker symbol “PSTG” starting March 5, 2026. The acquisition is expected to close by the second quarter of fiscal year 2027, subject to customary closing conditions. This move comes at a time when data management solutions are increasingly pivotal, with the enterprise sector grappling with AI integration challenges.

The acquisition of 1touch by Everpure underscores the competitive pressures in the data management sector, where companies are vying to provide comprehensive AI-ready solutions. As this acquisition unfolds, stakeholders will be closely monitoring the integration's impact on the market dynamics and Everpure's positioning against competitors aiming to meet the demands of AI-driven data management.