Legato broadens portfolio
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Broadening its attack on the information management market, storage software vendor Legato splashed out $430 million in February on OTG Software.
Broadening its attack on the information management market, storage software vendor Legato splashed out $430 million in February on OTG Software, supplier of the Xtender family of products covering storage management, content access and messaging management.
OTG's strengths lie in hierarchical storage management (HSM) for Windows environments, though the company moved into the Unix arena in 2001.
Over the last couple of years the company has also expanded into the areas of email, instant messaging, database and video management and archiving.
This is important as, according to Gartner Dataquest, by 2005 a significant proportion of HSM and archiving software will be sold as part of a content management or email management package.
OTG's rise has certainly been rapid. For the year to 31 December 2002, revenues at the Rockville, Maryland-based company grew 24% to $64.9 million, helped by key re-seller deals such as IBM's February 2000 decision to offer DiskXtender 2000 within its Tivoli systems management suite.
