Rocket Software Acquires Assets of Arkivio
To add ILM solutions to its offering
This is a Press Release edited by StorageNewsletter.com on January 12, 2008 at 2:59 pmRocket Software, a Boston-based developer of Enterprise Infrastructure products, has acquired the software assets of Arkivio, Inc., a developer of storage products based in Mountain View, California.
Both companies are privately held. Under terms of the agreement, Rocket will continue to develop and support Arkivio software as part of its storage unit, which also includes Austin-based Servergraph and Seattle-based Mainstar.
Arkivio’s development, support and sales teams will continue to work as part of Rocket and will be managed by Giovanni Paliska, who is currently president and CEO of Arkivio.
Arkivio, provider of information lifecycle management (ILM) solutions for enterprise customers, offers software for data archiving and retention, regulatory compliance, storage consolidation, backup and recovery optimization, and capacity management across a tiered-storage infrastructure. According to Rocket CEO Andy Youniss, "Adding Arkivio’s world class software to our product mix is an important step for us as we continue to expand our storage offering. This is really a perfect fit for us, and we look forward to working with Arkivio’s customers and partners."
"We are excited to have the opportunity to improve our ability to meet our customers’ needs," said Giovanni Paliska, president and CEO of Arkivio. "By incorporating our software into Rocket’s storage unit, we will be able to take advantage of their broad suite of products and augment our position in the marketplace."
About this acquisition:
What are you announcing today?
Rocket Software Inc. has acquired the assets of Arkivio, Inc.
When did Rocket close this deal?
The asset purchase was completed on December 31, 2007
Why did Rocket acquire the assets of Arkivio?
Arkivio has award-winning world-class technology that will add depth and breadth to Rocket’s storage business.
Will the Arkivio brand/name continue?
Yes. Assets acquired by Rocket include the Arkivio brand and name, as well as the www.arkivio.com Web address and the Arkivio logo. Rocket will continue to use the Arkivio name in the market place.
Will Rocket continue to develop and support Arkivio products?
Yes, development and support will continue with staff from the current
Arkivio location in Mountain View, California and additional staff from
Rocket Software. As a result, customers and partners can expect
excellent ongoing service and support from Rocket for the Arkivio
products.
Do any customer licenses need to be re-written?
Rocket will work with customers to assign the terms and conditions
associated with existing license or maintenance agreements properly.
Will Arkivio maintenance prices be raised?
No. Rocket has no current plans to change pricing of any of the Arkivio products, services, or maintenance offerings.
What will happen to the Arkivio sales channel?
Giovanni Paliska, CEO
of Arkivio, will become the General Manager of the Arkivio business
within Rocket and will focus on the core OEM business. Don Becker ,
General Manager of Rocket’s Servergraph business, will manage the
direct sales of Arkivio products to enterprise customers. Giovanni and
Don will work closely together to make sure our customers are
completely satisfied with Arkivio products and services.
Comments
The start-up was created in 2000 by former employees of Creative Designs Solutions who designed a NAS later sold to Maxtor in 1999. It raised a total of at least $12.5 million but was not really successful with its flagship product, auto-stor, for consolidation, disaster recovery optimization, data retention management, online archiving, and capacity management of a tiered-storage infrastructure, even if it has prestigious partners: CA (as OEM), EMC, FAST, HDS, HP, IBM, NetApp, Nexsan and Symantec.
Read our article on the difficulties to sell ILM:
http://storagenewsletter.com/news/software/srm-onaro-creekpath-arkivio-netapp
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