Seagate
Technology announced that it has signed an agreement to acquire
MetaLINCS, a technology leader in the fast-growing E-Discovery market.
MetaLINCS's innovative, patent-pending software helps companies respond to
litigation and regulatory issues that require them to search large volumes
of electronic data for relevant information. MetaLINCS will become part of
the Seagate Services Group and support its mission to help business
customers protect and manage valuable company information. Financial terms
were not disclosed.
According to Gartner analysts Debra Logan and John Bace in the report,
"The Emerging E-Discovery Market," published on July 18, 2007, "Changes to
the Federal Rules of Civil Procedure, along with the ever-increasing
reliance on electronic documentation in business, will have wide-ranging
effects on the IT profession and IT vendors in 2007 and 2008. IT will be
called on to account for elements of their infrastructure and the location
of live and backup data as never before."
"Today's announcement represents another strategic step for the Seagate
Services Group and further reinforces our commitment to providing customers
with innovative technology-based services and solutions that advance their
businesses," said Mark Grace, senior vice president and general manager,
Seagate Services Group. "The addition of MetaLINCS's solutions will provide
our customers with the tools to respond to litigation and compliance
requests and help to reduce enterprise E-Discovery costs."
MetaLINCS's enterprise-class E-Discovery software automatically
analyzes emails, documents and associated metadata, and presents visual
analysis of people, conversations, concepts and communication patterns.
Founded in 2003, MetaLINCS is a privately held company with more than 50
employees. Ramon Nunez, CEO of MetaLINCS, will join the Seagate Services
senior management team and will lead the Seagate Services Group's
E-Discovery business unit.
"We are thrilled to be joining the Seagate Services Group," said Nunez.
"The synergy of our missions and cultures will further strengthen our focus
on helping corporations and law firms leverage E-Discovery for strategic
decision-making during large-scale litigation, mergers and acquisitions,
and regulatory response projects."
MetaLINCS is the most recent acquisition for the Seagate Services
Group. In 2007, Seagate purchased EVault, an award winning provider of
online backup and archive solutions for small and mid sized enterprises,
and in 2005, Seagate purchased Action Front (now Seagate Recovery
Services), a leading provider of data recovery and data migration services.
These acquisitions provide Seagate with growing opportunities in the data
protection and management solutions market and are highly scalable with
Seagate's technology portfolio and market expertise.
With the addition of MetaLINCS's E-Discovery platform, Seagate Services
is able to offer corporations, law firms, and litigation service partners a
technology leading analytics engine along with one stop sourcing for
archive, recovery and collection, review tools and services inclusive of
EVault's Insight E-Discovery services.
Following the MetaLINCS acquisition, the Seagate Services Group will
provide the following primary solutions:
- E-Discovery solutions targeted at addressing a growing market need to
retrieve and analyze large volumes of data in support of litigation and
compliance requirements
- Complete business continuity, compliance and disaster recovery services
with high availability, secure backup and recovery of business-critical
data
- A wide range of data recovery, data migration and data accessibility
solutions to meet the needs of enterprise, small/medium businesses and
consumers
Seagate
Seagate is the worldwide leader in the design, manufacture and
marketing of hard disc drives, providing products for a wide-range of
applications, including Enterprise, Desktop, Mobile Computing, Consumer
Electronics and Branded Solutions.
Source: Seagate
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