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LaCie, Caleido Announce Merger

ZURICH -- Caleido AG, the Swiss maker of the innovative online storage solution Wuala, announced today that it has merged with LaCie, the French manufacturer of external storage devices. Together they plan to revolutionize the storage industry by building a unique and sustainable cloud storage service.

"We're very proud to announce that we join forces with LaCie," says Dominik Grolimund, co-founder and CEO of Caleido AG. "This is a major leap forward for Wuala and will bring us to the next level. LaCie is the perfect match for us. Together we will realize the vision we embarked on more than four years ago while researching the basics of Wuala at the ETH Zurich: to build a reliable and secure cloud storage by integrating millions of devices around the world."

"LaCie has a strong vision for where the future of storage is headed. This merge has allowed us to acquire a very innovative online storage solution that will transform our company from a leading hardware manufacturer to a comprehensive digital storage provider, said Philippe Spruch, founder and CEO of LaCie. "LaCie believes storage versatility will influence the industry, and we look forward to providing our customers with new, cutting-edge ways to store their valuable data through our upcoming product offerings."

LaCie