jump to navigation

EMC to Acquire Avamar Technologies November 1, 2006

Posted by lsvp in Infrastructure.
trackback

HOPKINTON, Mass. – November 1, 2006 – EMC Corporation, the world leader in information management and storage, today announced the signing of a definitive agreement to acquire privately-held Avamar Technologies, Inc., a fast-growing provider of enterprise-class data protection software featuring industry-leading data de-duplication technology. EMC will acquire the Irvine, California-based company in a cash transaction valued at approximately $165 million. The acquisition is expected to be completed within 30 days and is not expected to have a material impact on EMC’s revenue or EPS for 2006.

Winner of this year’s Storage magazine “Product of the Year” award for best backup and recovery software, Avamar advances EMC’s core strengths in information protection and recovery management, radically changing the way customers protect their data and accelerating the widespread move from tape to disk-based recovery solutions.

See the full press release here.

Comments»

1. SENSOR - June 2, 2009

Winner of this year’s Storage magazine ….
who will be the year’s final winner ? EMC or Avamar ?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: