Arcserve and StorageCraft Sign Definitive Agreement to Merge

Acquisitions

Summary

Once completed, the merger of the two highly complementary companies will form the most comprehensive global provider of data management and protection solutions for organizations spanning from SMBs to the Fortune 50. With expanded geographic reach, the industry’s broadest product portfolio, flexible business models, and magnified innovation footprint, the merged companies will bring extensive market and revenue opportunities for MSPs, VARs, and distributors. Tom Signorello, CEO, Arcserve "Companies in every sector are looking to modernize their infrastructures amid unabated cyber threats and global changes that have altered the way they must protect and manage data. This merger is likely a win for everyone, except maybe their competitors.” Jeff Richards, Director of Solutions & Services, Paragon Micro "When two 100% channel-centric data protection leaders merge, it can only be good news for the channel. There is minimal product overlap, which makes the potential for adding services and expanding our market and revenue opportunity pretty frictionless.” For more information, including background and factsheets, please visit Arcserve or StorageCraft.

Classifications

industries
No industries detected
applications
Data Management

AskAI Classifications

Labels
Backup Software Disaster Recovery Software Data Protection Software

Linked Companies

StorageCraft Technology
$50M to $100M
Arcserve
$100M to $250M