Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Information management and storage market leader EMC Corporation is to acquire privately-held Avamar Technologies a provider of enterprise-class data protection software featuring idata de-duplication technology. EMC will acquire the Irvine, California-based company in a cash transaction valued at approximately US$165 million.
The acquisition is expected to be completed
within 30 days and is not expected to have a material impact on EMC’s
revenue or EPS for 2006.
Avamar’s software utilizes patented data de-duplication technology to
backup data once – and only once – on a global basis. Avamar identifies
redundant data segments at the source, thereby reducing the amount of
network bandwidth used and data stored.
Mark Sorenson, EMC Senior Vice President, Information Management
Software, said, “The overwhelming value proposition of backup-to-disk
is getting stronger by the day. Most recently, the limitations of
tape-based backup have inspired the creation of new technology such as
data de-duplication to significantly alter the cost and efficiency
equation for disk-based backup. Avamar is acknowledged as the
industry’s best at helping customers transcend the shortcomings of
traditional tape-based methods, thereby accelerating the ongoing shift
to disk as the de facto backup and recovery medium.”
“From the very beginning, we’ve had a clear vision of completely
transforming how customers backup and protect their information,” said
Ed Walsh, CEO of Avamar. “Avamar was first to market with global data
de-duplication technology. As a result, our market traction has been
exceptional with customers around the globe. Joining EMC will allow us
to take our vision to the next level and accelerate adoption of this
disruptive technology.”
Upon completion of the deal, Avamar will be integrated into EMC’s
Storage Product Operations (SPO) group. Avamar CEO Ed Walsh will report
directly to Mark Sorenson.
David Bass
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