Hifn , the power behind network and information security, today announced
its acquisition of the business of Siafu Software,
one of the industry's most innovative providers of secure storage
solutions. Responding to OEM customer and end-user demands, Hifn has
acquired innovative storage software and industry leading expertise, in
addition to a sophisticated channel program and broader array of products
to better serve its OEM customers. Headed by John Matze, a well-recognized
industry leader and one of the architects for several widely used storage
protocols, Siafu Software delivers secure storage networking solutions
aimed at the burgeoning Small and Medium-sized Enterprise (SME) market.
"This acquisition dovetails precisely with the direction this industry
is heading," said Benjamin Woo, research vice president, enterprise storage
systems for IDC. "Storage customers increasingly are interested in
efficient technology solutions that offer data protection through data
reduction and security driven by a myriad of issues including policy
compliance and cost- effective storage management. SMEs in particular are
finally beginning to install these types of solutions to prevent data
leakage and comply with privacy and banking regulations. These
organizations are also looking for energy efficient solutions that support
a more 'green' initiative. As a result, the combination of Hifn and Siafu
Software should result in a compelling solution across multiple segments."
In the face of an enormous increase in data that needs to be managed,
OEMs and their customers are actively looking for specific functionality
that solves the overarching enterprise needs for data integrity, data
security and effective storage management. While historically these
solutions have been available only to large enterprises, there is growing
and significant demand among SMEs for this technology, as the storage needs
for this market segment have changed in the face of new regulations and
significantly more data to manage. Siafu Software meets these needs with
innovative software architecture and associated hardware that deliver the
benefits of secure storage networking to the SME market. Siafu's software
powers the company's product line, which includes Siafu Swarm and Siafu
Sypher appliances.
"We are a mid-sized company whose storage requirements mirror larger
Enterprises. We needed to solve our data protection and growing storage
consolidation challenges, which we addressed with the Siafu Swarm
appliance," said Shawn Partridge, director of information services for
Cascade Die Casting Group, Inc. "I am impressed with the Swarm appliance
and would recommend it to other companies who are faced with the same
challenges. I am looking forward to the next steps Hifn will take with its
newly acquired capabilities and the company's additional resources will
surely complement the customer experience."
"This acquisition extends Hifn's strategy of vertically integrating its
data protection solutions to fill the gap in the convergence of storage,
security and networking infrastructure," said Albert E. Sisto, Hifn's
chairman and CEO. "The combination of Siafu Software's storage software
expertise with our own security and data protection footprint effectively
makes us one of the best positioned companies in the world to address this
growing market. In addition, Siafu Software's products give us another
revenue-generating opportunity while simultaneously enabling us to more
effectively meet our OEM customers' demands."
Hifn plans to take full advantage of the experience of the Siafu
Software team, as well as continuing to support its existing channel
organization and customer base.
"Hifn and Siafu Software are the ideal combination for SME customers
looking for secure storage infrastructure," said John Matze, former CEO of
Siafu Software. "No other vendor has done more than Hifn to advance the
convergence of storage, security and networking for this industry. We were
already using Hifn's technology within our appliances prior to this event,
so I understand exactly what innovation they bring to the table."
Hifn
Hifn powers network and information security. Leveraging
over a decade of leadership and expertise in data encryption and
compression, we are a trusted partner to industry innovators for whom
security is critical to their success. With the majority of secure global
communications flowing through Hifn technology, the convergence of
security, storage and assured access drives our product roadmap forward. We
will continue as the first resource for the toughest security requirements
because we anticipate as we innovate in a field that leaves no margin for
error. Hifn sets the industry standards and technology firsts to secure,
compress and assure information wherever needed.
Source: Hifn
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