• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

Seagate to Acquire EVault Inc. for $185 million

malware

New Member
Joined
Nov 7, 2004
Messages
5,422 (1.12/day)
Likes
954
Location
Bulgaria
Processor Intel Core 2 Quad Q6600 G0 VID: 1.2125
Motherboard GIGABYTE GA-P35-DS3P rev.2.0
Cooling Thermalright Ultra-120 eXtreme + Noctua NF-S12 Fan
Memory 4x1 GB PQI DDR2 PC2-6400
Video Card(s) Colorful iGame Radeon HD 4890 1 GB GDDR5
Storage 2x 500 GB Seagate Barracuda 7200.11 32 MB RAID0
Display(s) BenQ G2400W 24-inch WideScreen LCD
Case Cooler Master COSMOS RC-1000 (sold), Cooler Master HAF-932 (delivered)
Audio Device(s) Creative X-Fi XtremeMusic + Logitech Z-5500 Digital THX
Power Supply Chieftec CFT-1000G-DF 1kW
Software Laptop: Lenovo 3000 N200 C2DT2310/3GB/120GB/GF7300/15.4"/Razer
#1
Seagate Technology today announced the signing of a definitive agreement to acquire privately-held EVault, Inc., a leading provider of online backup services, as part of its effort to extend the company's storage solutions offerings and strengthen the Seagate Services group. The company's strategy for Seagate Services includes offering market-leading services in the areas of data recovery, online backup/recovery and archiving for small-medium businesses (SMB).


"Today's announcement highlights a strategic next step into services, which is a natural extension of Seagate's core business and will leverage our brand leadership and channel expertise to deliver solutions to the SMB market," said Bill Watkins, Seagate CEO. "Over the past three years, Seagate has been executing a strategy designed to broaden its customer base and increase growth opportunities by expanding beyond its core hard disc drive business into the broader storage solutions category. Our objective for Seagate Services is to become a leading provider of services to manage and protect our customers' digital content throughout its lifecycle."

EVault is the most recent acquisition in the broader storage solutions area and the third for Seagate in the area of services. In 2005, Seagate purchased Mirra, Inc., a leading provider of networked digital content protection products for the home and small business markets; and Action Front, a professional in-lab data recovery company. These acquisitions provide Seagate with growing opportunities in the storage solutions market and are highly scalable with Seagate's technology portfolio and market expertise.

With Seagate Services, the company is interested in pursuing underserved markets where it can leverage leading technology and market expertise, and provide unique value propositions to address growing customer needs. According to analyst reports, there are currently over 74 million small-medium businesses worldwide, and one of their most frequently cited IT challenges is improving data availability and recovery. As a category leader in storage technology, Seagate is uniquely positioned to address the customer needs of this multi-billion dollar market.

With the acquisition of EVault, Seagate Services will provide the following primary solutions:

- Data recovery through professional in-lab and on-site retrieval of content for corrupted or inaccessible storage devices - all media formats and all brands. For more details/service offerings: (www.seagatedatarecovery.com)

- Online backup, archival, and recovery services for designated user and application data. These services are targeted at the underserved SMB market, and will focus on customers with limited IT infrastructure or appropriate resources. For more details/service offerings: (www.evault.com)

EVault is one of the industry's largest, and most profitable, suppliers of online network backup, recovery and data protection solutions for SMB and remote enterprise computing. Founded in 1997, the company is privately held, based in Emeryville, CA, with over 250 employees. It has more than 8,500 customers, including hundreds of financial, health care and legal organizations.

Seagate will acquire EVault in a cash transaction valued at approximately $185 million. The acquisition is subject to various standard closing conditions, including applicable regulatory approvals, and is expected to close in the third quarter of Seagate's fiscal year 2007.

Source: Seagate
 

cdawall

where the hell are my stars
Joined
Jul 23, 2006
Messages
26,724 (6.37/day)
Likes
7,634
Location
Houston
System Name Team Blue
Processor 5960X@4.8 1.42v
Motherboard Asus X99M-WS
Cooling EK Supremecy EVO, MCR220-Stack+MCR220+MCR320, D5-PWM+EK X-RES 140
Memory 4x8GB G.Skill Trident Z 3200 CL16
Video Card(s) (2) EVGA SC BLACK 1080Ti's+ EVGA reference 1080Ti soon to be under water
Storage Samsung SM951 512GB, Samsung PM961 512GB
Display(s) Dell UP2414Q 3840X2160@60hz
Case Caselabs Mercury S5
Audio Device(s) Fischer HA-02->Fischer FA-002W High edition/FA-003/Jubilate/FA-011 depending on my mood
Power Supply Seasonic Prime 1200w
Mouse Thermaltake Theron
Keyboard Thermaltake Poseidon ZX
Software W10P
Benchmark Scores Zoom zoom mofo
#2
smart for seagate though i dont klnow how this will really help them all that much i would have just talked dell outta using WD HDD and using seagate instead but whatever
 
Joined
Jan 15, 2005
Messages
5,458 (1.15/day)
Likes
242
Location
England
System Name Jimmy 2004's PC
Processor S754 AMD Athlon64 3200+ @ 2640MHz
Motherboard ASUS K8N
Cooling AC Freezer 64 Pro + Zalman VF1000 + 5x120mm Antec TriCool Case Fans
Memory 1GB Kingston PC3200 (2x512MB)
Video Card(s) Saphire 256MB X800 GTO @ 450MHz/560MHz (Core/Memory)
Storage 500GB Western Digital SATA II + 80GB Maxtor DiamondMax SATA
Display(s) Digimate 17" TFT (1280x1024)
Case Antec P182
Audio Device(s) Audigy 4 + Creative Inspire T7900 7.1 Speakers
Power Supply Corsair HX520W
Software Windows XP Home
#3
Well since they bought Maxtor I don't really intend to get stuff from them anyway. I know that some people think it's stupid to hold a grudge against a company like that, but I got two dodgy drives from Maxtor in a row and was treated like sh*t to put it bluntly, and I'm not impressed by my folks Seagate - it's a Packard Bell PC and it's the loudest drive I've ever known.

Hitachi and Western Digital ftw! They're all the same price now...
 

WarEagleAU

Bird of Prey
Joined
Jul 9, 2006
Messages
10,809 (2.57/day)
Likes
529
Location
Gurley, AL
System Name Boddha Getta Boddha Getta Bah!
Processor AMD FX 6100 @ 4.432Ghz @1.382
Motherboard ASUS M5A99X EVO AMD 990X AMD SB950
Cooling Custom Water. EK 240MM Kit, Supreme HSF - Runs 35C
Memory 2 x 4GB Corsair Vengeance White LP @ 1.35V
Video Card(s) XFX Radeon HD 6870 980/1100
Storage WD Caviar Black 1.0TB, WD Caviar Green 1.0TB, WD 160GB
Display(s) Asus VH222/S 22: (21.5" Viewable) 1920x1080p HDMI LCD Monitor
Case NZXT White Switch 810
Audio Device(s) Onboard Realtek 5.1
Power Supply NZXT Hale 90 Gold Cert 750W Modular PSU
Software Windows 8.1 Profession 64 Bit
#4
Unless they want to do something with online storage (dont see how) this doesnt make sense to me. Anyone care to explain?

-The Eagle