Data and ransomware protection provider Arcserve has signed a definitive agreement with StorageCraft to merge. Following the merger, StorageCraft will be branded ‘StorageCraft, an Arcserve Company.’ The merged company will be united under the leadership of CEO Tom Signorello, the current CEO of Arcserve, and President Douglas Brockett, the current president of StorageCraft.
Once completed, the merger of the two “highly complementary” companies will form a comprehensive global provider of data management and data protection solutions for organizations spanning from SMBs to the Fortune 50. Financial terms of the deal were not disclosed.
The merger is aiming its services at a growing market need for a single source to manage and protect workloads throughout the data center, cloud, SaaS applications, and at the edge. With expanded geographic reach, the industry’s broad product portfolio, flexible business models, and magnified innovation footprint, the merged companies would bring extensive market and revenue opportunities for MSPs, VARs, and distributors.
“The combination of Arcserve and StorageCraft is very intriguing because it combines complementary hardware and software platforms,” said Phil Goodwin, Research Director at IDC. “Arcserve’s data protection and data security portfolio, when combined with StorageCraft’s object-based data protection appliance platform, opens up solution possibilities beyond data protection and recovery. A holistic approach to data protection, security and secondary uses is the sort of solution that many IT organizations are considering.”
As two 100% channel-focused organizations are coming together, the merger would create new revenue opportunities for partners worldwide. The significantly expanded portfolio would simplify the selling process with solutions, services, and support from one vendor while also providing diversification to help partners expand addressable market share, scale revenue, and create margin opportunities. Flexible perpetual license and subscription business models would further optimize market and revenue opportunities and enable friction-free commerce.
The combined Arcserve and StorageCraft solution portfolio will be available through channel partners and distribution.
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For nearly two decades, StorageCraft has been innovating advanced data management, protection, and recovery solutions. Established in 1983, Arcserve iprovids business continuity solutions that safeguard multi-generational IT infrastructures with applications and systems in any location, on-premises and in the cloud.
Arcserve and StorageCraft will continue to fully support and invest in their existing solutions. In addition, both companies will increase investments in R&D and combined IP, which is aimed at strengthening both companies’ product portfolios.
“Following the completion of the merger, the scope and scale of our combined businesses will allow us to bring a dramatically broader portfolio of solutions to market,” said Douglas Brockett, President. “At the same time, it expands the resources with which we can serve our customers and ensures we grow hand in hand with our channel partners.”
The merged company stated that channel partners and end-users alike will see rapid innovation for continuous data availability across every platform and location. Intended to enable a seamless evolution from current to next-generation infrastructures and data workloads, including hyper-converged, multi-cloud, containers, edge infrastructures, and next-generation cloud data centers.
“Companies in every sector are looking to modernize their infrastructures amid unabated cyber threats and global changes that have altered the way they must protect and manage data,” said Tom Signorello, Chief Executive Officer (CEO) of Arcserve. “This merger will place us at the forefront of filling a massive market gap by supporting all workloads in every environment with one ecosystem. No longer will organizations require ad-hoc solutions that only add to the complexity they are trying to solve. We will be better placed than any other vendor to be ready as new workloads arise and infrastructures evolve – providing certainty today and in the future.”