Business Week Conference Features Legato CEO On Transformation for the Digital Economy.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Dec. 2, 1999-- Louis C. Cole, president and chief executive officer of Legato (Legato Systems, Inc., Mountain View, CA, www.legato.com) A leading provider of storage management and high-availability software founded in 1988 and acquired by EMC Corporation in 2003. Legato software, including Celestra data management (data mining, data migration, etc. (R) Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : LGTO LGTO Legato Systems (stock symbol) ), Thursday shared with fellow top managers his company's strategy of transforming itself to meet the digital age's evolving data-management needs. Speaking at the Fourth Annual Business Week Conference on the Digital Economy at San Francisco's Fairmont Hotel, Cole outlined the way the Internet is changing the way companies manage data storage, and he discussed the strategy behind Legato's broadening of its offerings through acquisitions. "In the digital economy, data proliferates with staggering speed and grows more valuable all the time--as long as it's accessible and manageable," Cole said. "Our strategic acquisitions have made Legato the only company that can deliver the full range of services needed to protect company data and maintain its constant availability of digital assets." Cole reviewed Legato's transformation, from provider of storage-protection software to ISPs and large computing computing - computer installations to full-service enterprise storage management that can ensure information continuance The adjournment or postponement of an action pending in a court to a later date of the same or another session of the court, granted by a court in response to a motion made by a party to a lawsuit. for its customers. Much of this transformation has been advanced by the company's rapid series of strategic acquisitions. Legato has acquired three companies in the last 12 months: Intelliguard Software, which provided Legato with the advanced Celestra serverless backup A type of LAN free backup that does not use any of the resources of an application server or a backup server. See LAN free backup. technology; FullTime Software, which provided advanced high data availability Refers to the degree to which data can be instantly accessed. The term is mostly associated with service levels that are set up either by the internal IT organization or that may be guaranteed by a third party datacenter or storage provider. and fault-tolerance technologies; and Vinca Vin·ca n. A genus of evergreens usually found in the Eastern hemisphere. Vinca plant genus of Apocynaceae family; contains cardiac glycoside; causes diarrhea; includes V. major (blue periwinkle), V. , which expanded Legato's leadership in data-availability. Legato announced its intention to acquire Ontrack Data International, which will provide Legato with data-recovery technologies and a network of full-service data-recovery labs. Cole outlined how these acquisitions enabled Legato to achieve the following major goals simultaneously: -- Enable delivery of a continuum of application and data availability products and services, from standard data protection through systems that guarantee continuous operations -- Expand distribution and open new markets, by preserving and capitalizing on acquired companies' strategic partnerships -- Allow Legato customers to define their data-availability needs in business terminology, rather than IT-centric terms According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Paul JJ Payack, vice president of worldwide marketing, Legato Systems, "Our recent acquisitions equip e·quip tr.v. e·quipped, e·quip·ping, e·quips 1. a. To supply with necessities such as tools or provisions. b. Legato to meet the needs of the enterprise and Web startups alike, and to navigate the changes that are sure to come as the Internet evolves." About Business Week's Digital Economy Conference Business Week's Digital Economy Conference series continually seeks to better understand business issues senior executives face in using IT to grow their businesses, reduce costs, or create new businesses. This year's event, the fourth annual conference in the series, examines business practices that are succeeding in the digital economy. The conference offers a tailored look inside companies with clear-cut plans for the digital economy. Keeping with Business Week tradition, the conference features major players from leading companies. Top executives present their distinct business models and talk about lessons learned. Conference thought leaders and industry analysts add to the discussion. About Legato Legato Systems Inc. (NASDAQ: LGTO), is a worldwide leader in the enterprise storage management software market. Helping companies leverage business-critical, corporate data assets, Legato's products and services enable information continuance, a seamless approach to the movement, management and protection of data throughout an enterprise. Founded in 1989, Legato's storage management software products have become the recognized industry standard with the largest installed base representing over 65,000 customers. Legato's products are available through a network of Legato-licensed resellers, integrators and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners. Legato's corporate headquarters is located at 3210 Porter Drive, Palo Alto, CA 94304. Telephone: 650/812-6000. The Legato logo design, Legato, Legato NetWorker, SmartMedia, and ClientPak are registered trademarks, and Celestra, Co-StandbyServer, StandbyServer, GEMS, and SnapShotServer are trademarks of Legato Systems Inc. All other brand names are trademarks of their respective owners. |
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