Seagate Technology, most well known as a supplier of hard drives, has expanded its storage services with the signing...
of an agreement to acquire EVault, a provider of online backup provision.
The move comes as part of Seagate’s efforts to extend the company’s storage solutions offerings and strengthen its services group, which will offer services including data recovery, online backup and recovery and archiving services.
EVault is the most recent acquisition in the storage solutions space and the third for Seagate in the services arena. In 2005 Seagate purchased Mirra, a leading provider of networked digital content protection products and Action Front, a professional in-lab data recovery company.
Bill Watkins, Seagate CEO, comments: “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 [wider markets].
"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.”
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