Seagate buys e-discovery company
Storage vendor Seagate
Technology said Thursday it plans to buy MetaLINCS,
an e-discovery software firm. The vendor's move follows Iron
Mountain's purchase earlier this year of Stratify, which is also focused
on e-discovery.
MetaLINCS' technology will provide Seagate Services Group with an analytics
engine complementary to its existing offerings for data archiving, recovery
and collection, the company said.
Seagate didn't disclose the deal's financial terms.
MetaLINCS, based in San Jose, California, was founded in 2003 and has more
than 50 employees, Seagate said. Its CEO, Ramon Nunez, will be in charge of
Seagate Services Group's E-Discovery unit, according to the company.
This is just the latest acquisition for Seagate in 2007. The company, which
is based in Scotts Valley, California, also bought EVault, which sells online
backup and archiving services to small- and medium-sized businesses.
Seagate shares were trading at about US$27 midday Thursday.
Also this week, Seagate announced that a company director, James
A. Davidson, had resigned from the board on Dec. 3 to pursue other opportunities.
The company said the departure was amicable.
IDG News Service
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