Plasmon Completes Buyout

Plasmon Inc. announces successful completion of private equity buyout

October 24, 2008

2 Min Read
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COLORADO SPRINGS, Colo. -- Newly formed Plasmon Holding LLC announced today that it has completed a management buyout and organizational restructuring of assets from Plasmon PLC, a trusted source of data archiving systems for over 20 years. The transaction is intended to capitalize and re-position Plasmon over the long term to achieve its strategic objectives as a leader in the rapidly growing enterprise archiving solutions market.

Plasmon Holdings LLC is a new privately-held U.S.-based Delaware Corporation backed by a U.S. private equity firm. The new holding company has acquired Plasmon Inc in the U.S. and specific assets owned by UK-based Plasmon PLC in order to aggressively pursue new technology and go-to-market strategies and maximize Plasmon market share in the long-term data storage market. The new company will maintain the use of the Plasmon brand identity and is committed to globally addressing the current and future needs of all Plasmon's worldwide customers and partners.

"This transaction is the evolution of the strategic process that we began earlier this year. Plasmon has exceptional intellectual property and an unmatched value proposition with which to address the rapidly growing need for archiving as a core layer of the IT infrastructure," said Steven Murphy, CEO of the new company. "We are reaching beyond our traditional role as the deep archive 'component' of widely used content management applications to provide complete archive turnkey solutions. Our newly announced focus on '3-2-1 Archive Best Practices' for accessible and secure long-term data storage provides exactly what the enterprise IT market is looking for: at least 3 single instance data copies, on 2 types of media, 1 of which is removable, long-lived and powered down. With this approach, our customers simultaneously meet all their business needs for historical and fixed content data, including rapid access, very long-term secure retention, and disaster recovery, all in an economical solution," said Murphy.

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