Seagate buys e-discovery company

Seagate Technology scoops up an e-discovery vendor.

Storage vendor, Seagate Technology, said Thursday it plans to buy MetaLINCS, an e-discovery software firm. The vendor's move follows Iron Mountain's purchase earlier this year of Stratify, which is also focused on e-discovery.

MetaLINCS' technology will provide Seagate Services Group with an analytics engine complementary to its existing offerings for data archiving, recovery and collection, the company said.

Seagate didn't disclose the deal's financial terms.

MetaLINCS was founded in 2003 and has more than 50 employees, Seagate said. Its CEO, Ramon Nunez, will be in charge of Seagate Services Group's E-Discovery unit, according to the company.

This is just the latest acquisition for Seagate in 2007. The company, which is based in Scotts Valley, California, also bought EVault, which sells online backup and archiving services to small- and medium-sized businesses.

Seagate shares were trading at $US27.47 Thursday afternoon.

Also this week, Seagate announced that a company director, James A. Davidson, had [resigned from the board on Dec. 3 to pursue other opportunities]. The company said the departure was amicable.

Senior vice-president and general manager of Seagate Services Group, Mark Grace, said the company conducted a thorough investigation of e-discovery companies when considering which one to buy, but would not confirm whether it spoke with Stratify.

"There are dozens of companies that call themselves e-discovery," he said. "But we are particularly impressed with MetaLINCS' efforts in this area. It's extremely fresh and current technology. I want to say the best."

Grace suggested the e-discovery market's potential size is large enough for both Seagate and Iron Mountain to thrive. "We think there's some room for some good brands to come in here," he said.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?