LEGATO BUYS INTELLIGUARD FOR $52M.
Enterprise storage management outfit 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. Systems Inc announced
Thursday that it will acquire privately-held Intelliguard Software Inc,
a specialist in Unix and NT standards-based storage management systems
for Storage Area Networks (SAN). Under terms of the deal, Legato will
issue 720,000 shares of stock and the cash equivalent of 180,000
shares at the closing price on the day preceding the completion of the
transaction, for all of the outstanding stock of Intelliguard. Based on
Legato's closing price on January 27, the deal is valued at
roughly $52m. Legato says it expects the acquisition will be accretive
to its 1999 earnings. It should close in March and will be accounted
for as a purchase. Legato reckons the deal will propel it into a
leadership position in the SAN marketplace. Intelliguard developed the
Celestra architecture, which is said to provide the industry's
first true 'server-less' backup for the SAN market.
Intelliguard also co-developed the Network Data Management Protocol,
which is set to become the industry standard for management of Network
Attached Storage, having already been endorsed by EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Corp, Storage
Technology Corp, Network Appliance (1) A specialized device for use on a network. For example, Web servers, cache servers and file servers can be implemented as general-purpose computers with the appropriate software or as network appliances, which are computers dedicated to a single function and cannot do anything Inc and Veritas Software Veritas Software Corp. was an international software company that was founded in 1983 as Tolerant Systems, renamed Veritas Software Corp. in 1989, and merged with Symantec in 2005. It was headquartered in Mountain View, California. Corp. The
deal follows two others Legato has made recently to elevate its
position in the emerging SAN market, with its acquisition of FullTime
Software Inc in October for $69m and it purchase of Software Moguls A list of the wealthiest and/or most influential people in software.
in August for $10.8m.
- Paul Allen: Microsoft
- Steve Ballmer: Microsoft
- Larry Ellison: Oracle Corporation
- Bill Gates: Microsoft
- Steve Jobs: Apple Computer, NeXT and Pixar