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Plasmon Holdings LLC is a new privately-held U.S.-based Delaware Corporation backed by a U.S. private equity firm. The new holding company has acquired Plasmon Inc in the U.S. and specific assets owned by UK-based Plasmon PLC in order to aggressively pursue new technology and go-to-market strategies and maximize Plasmon market share in the long-term data storage market. The new company will maintain the use of the Plasmon brand identity and is committed to globally addressing the current and future needs of all Plasmon’s worldwide customers and partners. "This transaction is the evolution of the strategic process that we began earlier this year. Plasmon has exceptional intellectual property and an unmatched value proposition with which to address the rapidly growing need for archiving as a core layer of the IT infrastructure," said Steven Murphy, CEO of the new company. "We are reaching beyond our traditional role as the deep archive ‘component’ of widely used content management applications to provide complete archive turnkey solutions. Our newly announced focus on ‘3-2-1 Archive Best Practices’ for accessible and secure long-term data storage provides exactly what the enterprise IT market is looking for: at least 3 single instance data copies, on 2 types of media, 1 of which is removable, long-lived and powered down. With this approach, our customers simultaneously meet all their business needs for historical and fixed content data, including rapid access, very long-term secure retention, and disaster recovery, all in an economical solution," said Murphy. "It is remarkable that a deal of this significance in the storage market was brought to fruition during this tight financial environment" said Brian Babineau, senior analyst at Enterprise Strategy Group. "However, our research suggests that the need for long-term corporate data storage will drive customers to archive over 100 exabytes of data over the next three years, so it may not be remarkable. Plasmon offers a unique integration of magnetic disk, long-term optical media and archival management software to address this challenge." Under the restructuring, Plasmon Inc, formerly a U.S.-based subsidiary to the UK company, will become the worldwide headquarters. The "new" Plasmon will offer its market leading archiving solutions and services in all global territories. The company plans to use its new organization and financing to enhance its core Archive Appliance solution and leverage its recently announced relationships with NetApp, IBM-FileNet, and a range of market-leading content management ISV’s. www.plasmon.com
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