Terremark Acquires Data Storage Firm DS3 DataVaulting
(WEB HOST INDUSTRY REVIEW) -- Managed IT infrastructure services provider Terremark Worldwide (www.terremark.com) has acquired data management solutions company DS3 DataVaulting (www.ds3datavaulting.com) for $11.5 million in cash.
Founded in 2002 in Fairfax, Virginia, DS3 provides offsite, online data backup and restore services that let enterprises and government agencies rapidly and securely backup and restore files, databases and operating systems. The acquisition of DS3 will enhance Terremark's remote data storage and backup capabilities, according to its Thursday announcement.
"Acquiring DS3 enhances our overall data storage offering and helps us accelerate the development of our solutions in the area of managed storage, which is a key growth opportunity driven by the escalating data demands created by new technologies and increasingly stringent regulatory compliance," Terremark chief strategy officer Marvin Wheeler said in a statement.
DS3's efficient and flexible managed storage solution will strengthen Terremark's complete set of managed IT infrastructure services. It provides both local and remote business continuity services, coupled with innovative backup archive tiers and data discovery capabilities. DS3 was recently selected by cloud backup provider Asigra (www.asigra.com) as a 3D Hybrid Partner, underscoring its commitment to delivering scalable backup and restore solutions that minimize customer costs.
"Combining DS3's innovative backup and restore offerings with our existing suite of services and top-tier, highly connected facilities significantly adds to the value that our data storage solutions provide to enterprises and Federal government agencies," Wheeler said. "We also expect to realize cost synergies by relocating DS3's infrastructure to our world-class data centers and eliminating the need to outsource some of our data storage services."
The addition of DS3 also provides Terremark with a considerable opportunity to up sell its full suite of services to a new customer base, including a long list of enterprise and government customers such as the US National Oceanic and Atmospheric Administration (www.noaa.gov).
DS3 president Stacy Hayes said the company is excited to become part of the Terremark family, offering Terremark customers an improved data backup and storage solution. "By adding our talented team of professionals and their strong industry relationships to a company that shares our commitment to quality customer service, we believe that we will maximize the impact our solutions can have," Hayes said.
