Quantum acquires tape drive maker Certance

Purchase continues storage market consolidation

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Storage vendor Quantum Corp. has agreed to purchase Certance LLC, a manufacturer of tape-based storage devices in Costa Mesa, Calif., for $60 million, Quantum said yesterday.

The transaction, which is subject to antitrust review, is expected to close by the end of the year, the company said.

Certance sells storage devices for small and medium-sized businesses based on the DAT/DDS (digital audio tape/digital data storage) and LTO (linear tape open) tape formats.

The acquisition will enhance Quantum's presence with small and medium-size businesses and strengthen Quantum's channel business, while bringing the company's annual revenues to more than $1 billion, the statement said.

The company, which has more than 1,000 employees, was known as Seagate Removable Storage Solutions until April 2003, when it adopted the Certance name.

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