OTG Software Acquires UniTree Software
OTG Software, Inc. , a provider of online data storage, data access and email management software solutions, this week announced it has acquired UniTree Software, Inc., a provider of advanced technology for UNIX and Linux-based data storage and database storage management.
Under the terms of this acquisition, OTG has acquired privately held UniTree for approximately $20 million, through a combination of $6 million in cash, common stock and promissory notes. This acquisition is expected to be neutral to combined financial statements in 2001, and nominally accretive to the combined financial statements by the end of 2002.
With this acquisition, OTG believes it has effectively doubled its addressable market by penetrating the UNIX and Linux storage markets. With the UniTree database technology, OTG believes it will be first to market with its transparent database storage management solution for Oracle and IBM DB2 databases.
According to the companies, this new solution intelligently segments and migrates data to less expensive storage media while providing seamless access. With the tremendous growth in data warehousing, CRM, ERP and other database-centric applications, OTG thinks it will now have new opportunities to target enterprise customers and significant alliances.