The transaction appears to be more evidence of the ramping-up growth of the online data storage and archiving market.
Data storage systems vendor Hitachi Data Systems said Feb. 5 it will announce its intention to acquire privately held online storage management software maker Archivas in a press conference on Feb. 6.
Details of the transaction were not released. This will be Hitachis first acquisition in the online archiving market.
Jack Domme, executive vice president of global solutions strategy and development at Hitachi Data Systems in Santa Clara, Calif., and Gary Voight, CEO of Archivas, will make the announcement in a conference call/Webcast, a Hitachi spokesperson said.
Archivas, founded in 2003 and based in Waltham, Mass., makes digital archiving software that enables customers to store and manage fixed-content datasuch as document, e-mail, database, image, and audio filesin a secure online environment, a company spokesperson said.
Hitachi and Archivas have been partners for a few years.
Hitachis Content Archiver, powered by Archivas, is a component which provides business intelligence, policy-based control, authentication and protection of the Hitachi Content Archive Platform. The software runs on a pre-configured operating system which, in turn, runs on industry standard servers, a Hitachi spokesperson said.
In order to meet corporate governance, legal discovery and compliance regulations, Archivas Cluster addresses the needs for immediate online access to archive data at a lower total cost of ownership, the spokesperson said.
For more information on Archivas, go here
Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd. of Japan, which has approximately 3,200 employees, conducts business through direct and indirect channels in the public, government and private sectors in more than 170 countries and regions. Its customers include more than 50 percent of Fortune 100 companies.
For more information on HDS, go here
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