Enhances Services Mission to Help Businesses Protect and Manage their
SCOTTS VALLEY, Calif., Dec. 6 /CNW/ -- Today, Seagate Technology (NYSE:
STX) 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
-- Complete business continuity, compliance and disaster recovery services
with high availability, secure backup and recovery of business-critical
-- A wide range of data recovery, data migration and data accessibility
solutions to meet the needs of enterprise, small/medium businesses and
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. Seagate's business model leverages technology leadership
and world-class manufacturing to deliver industry-leading innovation and
quality to its global customers, and to be the low cost producer in all
markets in which it participates. The company is committed to providing
award-winning products, customer support and reliability to meet the world's
growing demand for information storage. Seagate can be found around the globe
and at http://www.seagate.com.
About Seagate Services Group
The mission of the Seagate Services Group (a division of Seagate
Technology) is to protect and manage businesses' most valuable information,
giving customers the ability to access their data when and as needed. The
group's trusted services and solutions are based on the most advanced
technologies and are delivered, deployed and managed to suit unique business
needs. The group is comprised of EVault, a trusted expert in comprehensive
data protection solutions with software and outsourced services for backup,
recovery, archiving, business continuity and E-Discovery; Seagate Recovery
Services, an industry forerunner and innovator in data recovery, data
migration, and data accessibility solutions; and MetaLINCS, a leading provider
of enterprise software for intelligent E-Discovery of relevant electronic
messages and documents. For more information, please visit
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trademarks of Seagate Technology LLC. All other trademarks or registered
trademarks are the property of their respective owners.
For further information:
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