Arcserve and StorageCraft to merge
Published : Friday, 26 February, 2021 at 6:16 PM Count : 254
Data and ransomware protection provider Arcserve has signed a definitive agreement with StorageCraft to merge. After synthesis, the storagecraft will be identified as ‘StorageCraft, an archive entity’. The merged company will be united under the leadership of CEO Tom Signorello, the current CEO of Arcserve, and President Douglas Brockett, the current president of StorageCraft.
Once completed, the merger of the two "highly complementary" companies will create a comprehensive global provider of data management and data security solutions for companies ranging from SMBs to Fortune 50. Financial terms of the agreement were not disclosed.
Merger aims to integrate data centers, cloud, SAS applications, and end-to-end mergers to secure workloads at the same source for integration. It will bring a wide market and earning opportunity for VAR and distributors.