Feeds

Quantum inserts the Certance

$60m of fresh tape

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Quantum is looking to build out its tape storage business in the most obvious of ways - by picking up a fellow tape storage maker.

Quantum intends to acquire privately held Certance based in Costa Mesa, California in an all cash transaction valued at $60m. Simply put, Certance will add tape drives, software and related intellectual property to Quantum's existing portfolio. The deal is expected to close in the fourth quarter should it meet the customary regulatory conditions.

"Today's announcement reinforces Quantum's commitment to providing customers with tape technologies best suited for current and future environments," said Rick Belluzzo, chairman and CEO of Quantum. "As a newly combined $1 billion company building on Quantum's and Certance's complementary strengths, we will offer the industry's broadest portfolio of tape and disk systems for backup, recovery and archive."

Certance employs close to 1,000 people and has products aimed at customers ranging from small businesses on up to the enterprise. Earlier this month, the company proudly proclaimed that it was the first vendor to ship a third generation LTO tape drive.

"This is a superb move because the two companies have historically been strongest in different parts of the market - Certance in the entry-level and Quantum in the mid-range," said Bob Abraham, president of Freeman Reports. ®

Related stories

LTO bids to regain its pace
Cisco, NetApp and EMC focus in on storage software
Tape drives are fast enough, says Quantum

Internet Security Threat Report 2014

More from The Register

next story
Cray-cray Met Office spaffs £97m on VERY AVERAGE HPC box
Only 250th most powerful in the world? Bring back Michael Fish
UK.gov pushes for SWIFT ACTION against nuisance calls, threatens £500k fines
DCMS seeks lowering of legal threshold to fight rogue firms
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
How to simplify SSL certificate management
Simple steps to take control of SSL certificates across the enterprise, and recommendations centralizing certificate management throughout their lifecycle.