EMC buys tape assets
- 01 October, 2006 21:00
EMC is buying the virtual tape library (VTL) assets of Neartek.
The storage giant currently buys in FalconStor’s VTL product. However, the purchase demonstrates that EMC clearly thinks VTL technology is important enough that it needs to own some itself.
EMC’s acquisitive appetite is unrelenting. It has expanded almost all its product line through recent acquisitions in the following fields: storage (Legato, Dantz, Documentum); storage network intelligence (Rhapsody, Maranti); management (Smarts); NAS virtualisation (Rainfinity); server virtualisation (VMware) and security (RSA, Network Security).
Neartek has found its 12 year-long life difficult. It was founded in 1994 and struggled to make headway against rivals. Neartek’s product, VSE, was updated in April with automatic and policy-driven migration of data to multiple tiers of storage, an information lifecyle management approach.