Storage Shopping Spree

Posted by Dave Raffo on July 11, 2006

Tags: Backup & Recovery,  Cloud Storage,  Other,  Storage Management

Channel: Backup & Recovery, Cloud Storage, Other, Storage & Mgmt

Three storage-related acquisitions went down today, each reflecting a growing trend in the overall data center environment.

CA's acquisition of business continuity software vendor XOsoft underscores the need for more sophisticated disk-backup technologies in data protection. (See CA Buys XOsoft.) Data center automation firm Opsware scooped up SRM vendor CreekPath, accelerating a move toward integrating network, server, and storage management into one platform. (See Opsware Gains CreekPath.) And Iomega picked up services outfit CSCI in another marriage of storage and security. (See Iomega Buys CSCI.)

Here's a closer look at the deals:

CA-XOsoft

XOsoft likely brought the biggest pricetag of today's acquisitions. CA did not disclose the terms, but a report out of Israel put the price at $100 million. XOsoft CEO Leonid Shtilman says his company was growing revenue at 25 percent per year and was profitable with around 1,600 customers. XOsoft garnered nearly $30 million in funding since 1999, with its last round more than two years ago. (See XOsoft Raises $9 Million.)