SGI Acquires FileTek
FREMONT, CA -- (Marketwired) -- 10/01/13 -- SGI (NASDAQ: SGI), the trusted leader in high performance computing and Big Data, today announced it has acquired the assets of FileTek, Inc., a global provider of Big Data storage virtualization, large-scale data management, and Active Archive. This valuable acquisition expands SGI's leadership, delivering storage solutions that enable customers to manage data assets efficiently, reduce administrative overhead, and lower the cost of high-volume storage.
"We're thrilled to welcome FileTek and its customers to SGI," said Jorge Titinger, president and CEO of SGI. "With the addition of FileTek solutions, SGI enables existing and new customers to align both unstructured and structured data with the most cost effective storage throughout its lifecycle, with seamless user access and reliable petascale protection. This acquisition also reflects our strategy to build on SGI's leadership in High Performance Computing, expertise in Big Data, and experience delivering over 600 petabytes of storage capacity annually, to become a global leader in petascale storage solutions."
"StorHouse and Trusted Edge solutions have experienced wonderful acceptance in the market," said Bill Loomis, CEO of FileTek. "We are excited that this acquisition will continue to allow both products to fully achieve their potential through wider global distribution with SGI. Our customers will benefit from resources, expertise and solutions under the SGI brand that enable government and commercial enterprise environments to lower the cost of Big Data and high-volume storage."
SGI's storage expertise spans a variety of data-intense sectors, including media/entertainment, government, and life sciences. Many customers have been using SGI storage technology for over 20 years, with deployments scaling to over 100 petabytes and nearly 2 billion files -- without experiencing data loss. SGI is committed to FileTek's customers, and intends to provide long-term stability, resources and structure for their continued success and growth.
Under the terms of the agreement, SGI has acquired the highly complementary assets of FileTek, including its StorHouse and Trusted Edge software, worldwide customers, engineering team, and services and support resources. Other terms of the transaction were not disclosed.
- Trusted Edge software adds intelligent analysis of data assets held on heterogeneous primary storage and automated, policy-based data migration for SGI InfiniteStorage Gateway solutions.
- StorHouse software adds a proven, world-class information lifecycle management and active archive solution that includes structured data, complementing SGI's renowned DMF technology for unstructured data -- enabling organizations to manage all data assets efficiently at extreme scale.
- FileTek engineering, services, and support personnel adds to SGI expertise in helping customers design and manage petascale storage environments efficiently and cost effectively.
- SGI will continue to develop, sell, and support Trusted Edge and StorHouse products under the SGI brand, and will integrate technologies over the near and long term while protecting SGI and FileTek customer investments.
Cautionary Statement Regarding Forward Looking Statements
The statements made in this press release regarding the anticipated potential benefits of the acquisition are forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Actual results could differ materially from those described by these statements due to a number of uncertainties, including, but not limited to:
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