Seagate Buys EVault, Moves Into Storage Services
January 8, 2007 Timothy Prickett Morgan
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Disk and tape storage maker Seagate Technology wants to expand into online backup services, and that is why the company has acquired EVault, one of the pioneers in the fast-growing market for online backups, for $185 million in cash. Seagate is one of the dominant suppliers of disk drives into the enterprise, and is co-developer with IBM and Hewlett-Packard of the LTO tape format that is taking over the tape archiving market in a steady, methodical manner. But for many customers, making off-site backups is becoming as important as having onsite archives, and that is why online data vaulting |


