EMC Acquires Bus-Tech
Accelerates the Ability of Mainframe Users to Migrate Off Aging Tape-Based Storage Infrastructures
HOPKINTON, Mass., Nov. 10, 2010 /PRNewswire/ -- EMC® Corporation (NYSE: EMC), the world's leading provider of information infrastructure solutions, today announced it has acquired Bedford, Massachusetts-based Bus-Tech®, Inc. Bus-Tech is a privately held provider of VTL (Virtual Tape Library) solutions that utilize open systems disk storage to store and retrieve mainframe tape data. Bus-Tech products enhance EMC solutions for mainframe batch processing, backup and recovery, disaster recovery, and data archiving applications. Bus-Tech now becomes part of the rapidly growing EMC Backup Recovery Systems division, which delivers next-generation, disk-based backup and recovery solutions. The acquisition is not expected to have a material impact to EMC GAAP and non-GAAP EPS for the full 2010 fiscal year.
The opportunity for mainframe users to eliminate tape infrastructure and embrace next-generation disk-based backup solutions is being driven by mainframe virtual tape and data deduplication technologies. Bus-Tech and EMC are technology and market leaders in these respective categories. IDC estimates mainframe tape storage and media revenues will be $2.5 billion between 2010 and 2014, creating a significant market opportunity for disk-based storage in mainframe tape environments. The combination of EMC disk library and EMC deduplication storage systems with Bus-Tech mainframe virtual tape library controllers gives mainframe users a simple, cost-effective way to eliminate complex and aging tape-based systems. This accelerates their batch, backup and disaster recovery processes while providing automation and reliability levels that tape-based systems simply cannot deliver.
Frank Slootman, President of EMC's Backup Recovery Systems division, said, "Mainframe users are not immune to the challenges with tape when it comes to backup and recovery. In a few short years, the application of data deduplication and disk-based storage has literally transformed the backup market. The addition of Bus-Tech will enable us to deliver a suite of next-generation mainframe backup products that are highly differentiated in terms of performance, integration and supportability."
Bus-Tech has been a member of the EMC Select partner program since 2004, and has been an EMC OEM partner since March of 2008. Bus-Tech most recently collaborated with EMC in July of 2010 to help deliver the Deduplication Storage Expansion option for the EMC DLm960 Disk Library for Mainframe, which was based on the widely adopted EMC Data Domain® DD880 deduplication storage system. The pairing of Bus-Tech mainframe connectivity and Data Domain deduplication storage systems creates an unrivalled performance advantage for mainframe users that is based on field-proven products and technologies.
Al Brandt , President of Bus-Tech, said, "This acquisition begins a new and very exciting chapter for Bus-Tech and its employees. EMC's Backup Recovery Systems division has sustained a market trajectory to which we will soon be contributing. Bus-Tech's solutions span the full range of mainframe customer types, so the potential associated with this combination is significant. We are looking forward to a very productive future as members of the EMC family."
EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com.
EMC and Data Domain are registered trademarks of EMC Corporation in the United States and/or other countries. Bus-Tech is a registered trademark of Bus-Tech, Inc.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; and (xiv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
SOURCE EMC Corporation
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