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Seagate Technology plc and Dot Hill Systems Corp. have entered into a definitive agreement under which a wholly-owned indirect subsidiary of Seagate will commence a tender offer for all of the outstanding shares of Dot Hill in an all-cash transaction valued at $9.75 per share, or a total of approximately $694 million on a fully-diluted equity value basis.join hands

As Dot Hill has approximately $49 million in cash on its balance sheet as of June 30, 2015, the transaction reflects an enterprise value of approximately $645 million. The consideration represents a 50% premium over the preceding three month stock price average.

Dot Hill’s external storage array-based systems and software products will complement and expand Seagate’s storage systems offerings and be offered as part of Seagate’s cloud systems and electronics solutions business. Seagate will leverage Dot Hill’s storage technology IP portfolio and software capabilities to drive innovation and provide incremental value to their combined OEM customer base. Click Here For Full Article.

Cisco slashing up to 6,000 jobs

25 Sep 2014, Posted by Jeska Rayboy in Blog

Cisco Systems will cut as many as 6,000 jobs over the next 12 months, saying it needs to shift resources to growing businesses such as cloud, software and security.

The move will be a reorganization rather than a net reduction, the company said. It needs to cut jobs because the product categories where it sees the strongest growth, such as security, require special skills, so it needs to make room for workers in those areas, it said.

“If we don’t have the courage to change, if we don’t lead the change, we will be left behind,” Chairman and CEO John Chambers said on a conference call. cisco tat

Cisco has about 74,000 employees, so the cuts will affect about 8 percent of its staff. It will take charges of about US$700 million for the cost of the reorganization, up to half of that in the current quarter, Chief Financial Officer Frank Calderoni said.

Cisco announced the move on a conference call to discuss its financial results for the quarter, the fourth of its fiscal year. Its revenue and profit were roughly flat compared with a year earlier, though Chambers said he’s grown more optimistic over the past few months. Read More.

Another Win for Cloud Computing-Cloudian Raises $24M

27 Aug 2014, Posted by Jeska Rayboy in Blog, Startups

Cloudian, a provider of hybrid cloud storage solutions, has closed a $24 million financing round, which will enable the company to expand its global sales and marketing reach, and develop its solutions for dealing with rapid growth of unstructured data.cloud 1

The new financing round included new investments from Innovation Network Corporation of Japan and Fidelity Growth Partners, and existing Cloudian shareholder Intel Capital.

Cloudian’s HyperStore software allows enterprises to easily deploy of private clouds on commodity hardware, but also push data to Amazon S3 cloud object storage. This allows enterprises to create tiered hybrid storage where, for instance, Amazon’s public cloud is used for long-term bulk storage, and their most critical data is kept on-premises. This is particularly useful for companies with large growing amounts of unstructured data.

According to Cloudian CEO and co-founder Michael Tso, the new funding will “accelerate the deployment of our production-proven storage solutions and revolutionize the cost, scalability and availability models for storing unstructured data in the enterprise.”  Read More.

What Happens Now? Hitachi Data Systems Acquires Sepaton

21 Aug 2014, Posted by Jeska Rayboy in Blog

More consolidation happening in the storage industry, as Hitachi Data Systems acquires Sepaton. George Crump, an IT analyst whose firm focuses on data storage and virtualization, wrote an interesting article outlining why he believes this is a win-win for both sides:

Hitachi Data Systems (HDS) announced they had acquired Massachusetts-based Sepaton, an established manufacturer of purpose built backup appliances (PBBAs) that use advanced de-duplication to shorten backup times and minimize backup appliance “sprawl”. The company will become a wholly-owned subsidiary of Hitachi Data Systems, which is a division of Hitachi Ltd, of Japan.

Who is Sepaton?aquire

Founded in 2001, Sepaton was one of the early entrants into the disk-based, de-duplication backup market and originally focused on replacing tape-based backup systems (Sepaton’s name is actually “No Tapes” spelled backwards). But as disk backup and de-deduplication became more mainstream, Sepaton rightly shifted their focus to the advantages of their data reduction technology, building a base of some 3000 customers.

Leveraging their ‘DeltaScale’ technology, Sepaton’s PBBAs deliver some of the fastest backup and recovery performance on the market (up to 80TB per hour) in a modular, scalable, architecture. Using byte-level de-duplication Sepaton’s systems provide some of the highest, most consistent data reduction ratios regardless of data type, enabling multiple-PB, single-system capacities.

 Did Sepaton need to do this?

Sepaton participates in the fiercely competitive purpose-built backup appliance market. They have had the advantage of focusing on enterprise-level customers with a highly scalable, high performance feature set that typically appeals to that market. Their challenge, similar to any startup or small company selling to the enterprise, is building the credibility to effectively compete. While they may have had a product that some considered better suited to the enterprise, they were at a distinct disadvantage when going up against the likes of EMC.

They also faced the reality that many of their partners eventually became competitors. For example, HP was an early advocate and OEM of Sepaton’s, but now competes directly with their StoreOnce technology. The advantage of being part of HDS is that Sepaton gets instant credibility in the market and access to HDS’s resources, channel and sales organization.

Why did HDS do this?

For their part, HDS had no serious offering in the disk backup appliance market while most of their competitors did; including HP, IBM, EMC, Dell and even Oracle. HDS does have an enterprise sales organization and providing them with a quality disk backup appliance that is differentiated from their competition should be an immediate benefit. And Sepaton does create some synergies with HDS’s existing product line. HDS has also been providing the hardware platform for Sepaton’s S2100, with their AMS2100 SAS RAID-6 based storage system.

READ MORE.