LOS GATOS, Calif. -- Hifn (NASDAQ: HIFN), the power behind network and information security, today announced its acquisition of the business of Siafu Software (www.siafusoftware.com), one of the industrys most innovative providers of secure storage solutions. Responding to OEM customer and end-user demands, Hifn has acquired innovative storage software and industry leading expertise, in addition to a sophisticated channel program and broader array of products to better serve its OEM customers. Headed by John Matze, a well-recognized industry leader and one of the architects for several widely used storage protocols, Siafu Software delivers secure storage networking solutions aimed at the burgeoning Small and Medium-sized Enterprise (SME) market.
This acquisition dovetails precisely with the direction this industry is heading, said Benjamin Woo, research vice president, enterprise storage systems for IDC. Storage customers increasingly are interested in efficient technology solutions that offer data protection through data reduction and security driven by a myriad of issues including policy compliance and cost-effective storage management. SMEs in particular are finally beginning to install these types of solutions to prevent data leakage and comply with privacy and banking regulations. These organizations are also looking for energy efficient solutions that support a more green initiative. As a result, the combination of Hifn and Siafu Software should result in a compelling solution across multiple segments.
In the face of an enormous increase in data that needs to be managed, OEMs and their customers are actively looking for specific functionality that solves the overarching enterprise needs for data integrity, data security and effective storage management. While historically these solutions have been available only to large enterprises, there is growing and significant demand among SMEs for this technology, as the storage needs for this market segment have changed in the face of new regulations and significantly more data to manage. Siafu Software meets these needs with innovative software architecture and associated hardware that deliver the benefits of secure storage networking to the SME market. Siafu's software powers the companys product line, which includes Siafu Swarm and Siafu Sypher appliances.
We are a mid-sized company whose storage requirements mirror larger Enterprises. We needed to solve our data protection and growing storage consolidation challenges, which we addressed with the Siafu Swarm appliance, said Shawn Partridge, director of information services for Cascade Die Casting Group, Inc. I am impressed with the Swarm appliance and would recommend it to other companies who are faced with the same challenges. I am looking forward to the next steps Hifn will take with its newly acquired capabilities and the companys additional resources will surely complement the customer experience.