Confirming Macworld UK's report earlier this week, EMC has acquired Retrospect backup software publisher, Dantz Development Corp., for just under $50 million.
The move is EMC’s first major entry into the small and midsize business market and puts it head-to-head against products from Veritas Software and Computer Associates International designed for those markets.
“Dantz is a strategic acquisition in line with EMC’s strategy to extend our reach and focus on the fast-growing SMB market of next-generation high-growth customers,” said Dave DeWalt, executive vice president at EMC’s software group.
“While the vast majority of EMC’s offerings to date have been targeted at the enterprise and commercial market, Dantz represents EMC’s first major SMBs software entry with purpose-built products targeted specifically to the needs of SMB customers,” he said.
Dantz develops and markets its Retrospect product family, which provides backup and recovery for file server, desktops, notebooks, and business-critical application. EMC officials said the Retrospect products will eventually be integrated into EMC’s product line, but Dantz will remain in its Walnut Creek, California, location.