Symantec Tuesday agreed to acquire PowerQuest for $150 million in cash to add provisioning, storage management, and disaster recovery technologies to complement its Ghost product in the hopes of offering a full range of data lifecycle management to enterprise customers. Symantec Ghost makes reliable backups of PC drives, including applications and critical data. But Cupertino, Calif.'s, Symantec, who hopes to close the purchase by the end of 2003, is looking to stretch the capabilities of Ghost to protect servers, workstations, laptops and handhelds from losing data during disruptive events such as natural disasters and power outages.
Symantec spokesman Cris Paden told that the company will use PowerQuest's imaging and deployment, system migration, and management updates to provide "cradle-to-grave management" to help shield enterprises from potentially crippling data loss.
Symantec will inherit PowerQuest software products PowerQuest VolumeManager, PartitionMagic Professional, and ServerMagic, which allow customers to add new storage, reconfigure existing storage and monitor and manage storage devices, as well as the Orem, Utah-based vendor's 300 employees.
"With this acquisition, we wanted to figure out a way to enhance Ghost to benefit customers and enterprises through providing them a complete storage lifecycle management architecture," Paden said.
View: Symantec Press Release View: Full Article
News source: Internet News
