Atempo Acquires Storactive
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Atempo gains market leading continuous data protection (CDP) technology
PALO ALTO, Calif., March 6, 2006 - Atempo Inc., the leader in data protection and storage security for trusted information lifecycle management (ILM), today announced that it has acquired privately-held Storactive Inc. of Marina del Rey, CA, a leading provider of continuous data protection (CDP) software. This acquisition accelerates Atempo's strategic growth into Trusted ILM (Information Lifecycle Management) by adding real-time data capture capabilities to its best-in-class Time Navigator data protection suite.
Pressured by increasingly strict compliance needs, Atempo's customers can now capture data as it is created and/or modified and perform fine-grain recovery management of critical corporate workstations and Microsoft Exchange data to any point in time. CDP adds an important element to Atempo's Trusted ILM solution to accurately classify, protect and manage their critical information over its lifecycle.
"Storactive is the rising star of CDP, giving Atempo a solid technology and growing footprint in this rapidly emerging market," said Rick Wojcik, chief executive officer of Atempo. "With this acquisition Atempo gains best-in-class CDP products that are a natural extension to Time Navigator and a world-class R&D team who will help keep Atempo at the forefront of technology innovation for years to come."
Storactive has over 120 licensed customers worldwide. Its market-leading products include award-winning LiveBackup and LiveServ for Exchange. LiveBackup delivers completely automatic and transparent backup for Windows desktops and laptops. LiveServ is the industry's only application-integrated CDP solution for Microsoft Exchange.
According to UK-based Internet service provider, Mistral, "We are pleased with the synergy of Atempo and Storactive's products for our business," said Daemonn Brody, technical director at Mistral. "As a value-added service provider, Atempo's comprehensive solution allows us to tailor the proper recovery management objectives from the desktop to the enterprise." Mistral is ranked as one of the UK's 100 fastest-growing private companies and hosts more than 400 UK corporate websites, including sites belonging to Microsoft, Blockbuster and Bacardi.
Commenting on the deal, Heidi Biggar, analyst for Enterprise Strategy Group, said, "This is an excellent example of one plus one equaling three. Storactive has great CDP functionality but faced a huge uphill battle penetrating the market, while Atempo is already a trusted supplier focused on recovery. This move accelerates Atempo's ability to bring CDP features to market and add some real meat to their Trusted ILM message."
Atempo will maintain the existing Storactive facilities in Marina del Rey, CA and Moscow, Russia. Atempo was assisted in the transaction by Catapult Advisors LLC (financial advisory) and Fenwick & West LLP (legal). Terms of the deal were not disclosed.
About Atempo
Atempo is the leader in trusted information lifecycle management. Atempo's solution enables corporations to protect all their digital assets and secure those assets against tampering and theft over their information lifecycle. Atempo's Time Navigator software suite delivers enterprise-wide secure data protection and storage security, enabling corporations to meet critical business requirements including digital privacy, regulatory compliance, non-repudiated long-term archiving, and business continuity. Founded in 1992, Atempo has more than 2500 customers worldwide, with a sales and support network exceeding 100 resellers. The company's dual headquarters are in Palo Alto, CA, and Paris, France. Learn more about Atempo and its "Trusted ILM" vision at www.atempo.com.
About Storactive
Founded in 1998 and headquartered in Marina del Rey, Calif., Storactive, Inc. is the leader in developing true continuous data protection (CDP) software for Windows PCs and Exchange Servers. The Company's flagship technology continuously backs up and manages enterprise and distributed data throughout its entire life cycle, even as changes occur. This means stored information is always current and can be recovered up to the moment of data loss.
Atempo, the Atempo logo, Time Navigator, LiveBackup and LiveServ are trademarks or registered trademark of Atempo, Inc.
ANALYSTS:
Heidi Biggar
Analyst, ESG
heidib@enterprisestrategygroup.com
p: 770-632-0301
c: 603-566-2349
Doug Chandler
Program Director
IDC Storage Software & Services Research dchandler@idc.com
(508) 935-4301
Rhoda Phillips
Research Manager, IDC Storage Software
rphillips@idc.com
(508) 988-7556
Kamarolzaman Hashim
Boston Communications
617-619-9803
IM: kamarol617@yahoo.com
www.prboston.com
