Legato Systems to Acquire Ontrack Data
Source: Ontrack Data Recovery, Inc.
Palo Alto, CA-based Legato Systems, a developer of data storage software, plans to buy Ontrack Data Recovery, Inc. (Eden Prairie, MN) for approximately $134 million in stock and cash. Expected to close in January, the acquisition will let Legato recover data that can't be recovered using existing methods, the company said. Ontrack is among a few companies that can recover data on virtually every type of storage media device, platform and operating system. Ontrack Disk Manager technology is also used on approximately 60 million desktops through several large OEM partners.
By using Ontrack's system, Legatocan send diagnostic software into a corrupt disk and recover information. The combination of Legato and Ontrack gives Legato the desktop tools to aggressively move into the expanding application service provider (ASP) market.