Storage supplier Quantum has agreed to purchase
Certance, a manufacturer of tape-based storage
devices.
The $60m (£32m) transaction, which is subject to antitrust
review, is expected to close by the end of 2004, the company
said.
Certance sells storage devices for small and medium-sized
businesses based on the digital audio tape/digital data storage
and linear tape open tape formats.
The acquisition will enhance Quantum's presence with small- and
medium-sized businesses and strengthen Quantum's channel business,
while bringing the company's annual revenues to more than $1bn, the
statement said.
The company, which has over 1,000 employees, was known as
Seagate Removable Storage Solutions until April 2003, when it
adopted the Certance name.
Robert McMillan writes for IDG News
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