EMC has acquired WysDM, a seven-year-old data protection management provider, for an undisclosed sum.
The storage giant isn't providing much in the way of details on the news, its fourth acquisition of the year, but it did say the deal is not expected to have a material impact on revenues or earnings per share for 2008.
WysDM CEO Alan Atkinson was not as subdued. He said he is "psyched" about the venture, since it will allow the New York-based startup an opportunity to "move to the next level."
"We are jazzed. We are already aligned and we are just going to keep growing thanks to EMC's resources," said Atkinson.https://o1.qnsr.com/log/p.gif?;n=203;c=204660765;s=10655;x=7936;f=201812281308090;u=j;z=TIMESTAMP;a=20400368;e=i
The company, which has 40 employees, has been an EMC OEM partner for three years, selling WysDM for Backups 4 software under the EMC Backup Advisor line.
WysDM will become part of EMC's Information Management Software Group (IMSG) within EMC's Storage Division. Atkinson will report directly to Mark Sorenson, senior vice president of IMSG.
Charles King, principal analyst at Pund-IT, said the acquisition will provide enterprise customers "exactly what they're looking for," with a storage and security services strategy, and cements EMC's backup and recovery product portfolio.
"EMC doesn't have to start from scratch, either with a technology or with building a customer base," said King. "This fits very well within their service strategy evolution and presents WysDM an opportunity to advance its technology. They should make beautiful music together."
According to an IDC 2007 storage report, EMC is leading the market in the data protection and recovery software segment, growing 18.9 percent in 2007 compared to the market growth rate of 10.3 percent.
Article courtesy of Internet News