Johannesburg, 07 Nov 2003
EMC, a provider of information storage systems, software, networks and services, has completed the acquisition of LEGATO Systems, a leader in software solutions and services for information lifecycle management.
Under the terms of the definitive agreement announced on 8 July 2003, EMC issued approximately 106 million shares of EMC common stock for all outstanding shares of LEGATO Systems, subject to final tabulation with EMC`s exchange agent. EMC will operate LEGATO Software as a division of EMC with headquarters in Mountain View, California.
"The synergies between EMC and LEGATO`s products, distribution, people and culture have accelerated our ability to create the ultimate information lifecycle management company," says Alex Robertson, Technology Solutions Group Manager, EMC SA.
"Together, EMC and LEGATO will maximise the value we bring to the market by providing open, heterogeneous software solutions for solving the information management problems plaguing customers today."
In the days following the announcement of EMC`s intent to acquire LEGATO, the two companies assembled a cross-company and cross-functional team of experts and business managers to analyse and plan for every aspect of integrating LEGATO into EMC.
Key areas of integration include:
Sales and distribution - LEGATO sales and distribution channels will operate independently from EMC and LEGATO`s partnerships and specialised selling focus will remain unchanged.
Research and development - The EMC development team responsible for backup and replication management software will join with LEGATO`s existing R&D group to form a new software development organisation.
Product roadmaps - A detailed multi-year product roadmap is in place for every product in the LEGATO division, including transferred EMC products, with plans to provide integrated and comprehensive storage software solutions for multi-vendor storage environments.
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