SGI Acquires FileTek
SGI expands ability to solve the growing challenge of Big Data that is overwhelming budgets, staff, and the protection of data assets in today's enterprise
FREMONT, Calif. — October 1, 2013 — SGI (Nasdaq: SGI), the trusted leader in high performance computing and Big Data, today announced it has acquired the assets of FileTek, Inc., a global provider of Big Data storage virtualization, large-scale data management, and Active Archive. This valuable acquisition expands SGI's leadership, delivering storage solutions that enable customers to manage data assets efficiently, reduce administrative overhead, and lower the cost of high-volume storage.
"We're thrilled to welcome FileTek and its customers to SGI," said Jorge Titinger, president and CEO of SGI. "With the addition of FileTek solutions, SGI enables existing and new customers to align both unstructured and structured data with the most cost effective storage throughout its lifecycle, with seamless user access and reliable petascale protection. This acquisition also reflects our strategy to build on SGI's leadership in High Performance Computing, expertise in Big Data, and experience delivering over 600 petabytes of storage capacity annually, to become a global leader in petascale storage solutions."
"StorHouse® and Trusted Edge® solutions have experienced wonderful acceptance in the market," said Bill Loomis, CEO of FileTek. "We are excited that this acquisition will continue to allow both products to fully achieve their potential through wider global distribution with SGI. Our customers will benefit from resources, expertise and solutions under the SGI brand that enable government and commercial enterprise environments to lower the cost of Big Data and high-volume storage."
SGI's storage expertise spans a variety of data-intense sectors, including media/entertainment, government, and life sciences. Many customers have been using SGI storage technology for over 20 years, with deployments scaling to over 100 petabytes and nearly 2 billion files - without experiencing data loss. SGI is committed to FileTek's customers, and intends to provide long-term stability, resources and structure for their continued success and growth.
Under the terms of the agreement, SGI has acquired the highly complementary assets of FileTek, including its StorHouse and Trusted Edge software, worldwide customers, engineering team, and services and support resources. Other terms of the transaction were not disclosed.
Cautionary Statement Regarding Forward Looking Statements
You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. SGI undertakes no obligation to update the information in this release, whether as a result of new information, future events or otherwise, unless otherwise required by law.
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