Spanning Is Acquired By EMC Corporation
Company Continues To Do Business as Spanning Cloud Apps in EMC’s Core Technologies Division; Serves as Foundation for EMC’s “Born-in-the-Cloud” Data Protection Strategy
AUSTIN, Texas–(BUSINESS WIRE) – October 28, 2014 – Spanning Cloud Apps, Inc., the most trusted provider of data backup and recovery for cloud applications, today announced that it has been acquired by EMC Corporation. The company will continue to operate under the Spanning® Cloud Apps brand in Austin, Texas and will be the foundation of EMC’s “born-in-the-cloud” data protection strategy in its Core Technologies Division. Terms of the acquisition were not disclosed.
The acquisition was announced in conjunction with the launch of the EMC Enterprise Hybrid Cloud Solution, which underscores EMC’s commitment to customers to deliver choice and agility in hybrid cloud deployments. The combination of EMC’s data protection portfolio and Spanning’s services positions EMC to empower users to confidently deploy data protection solutions across all applications and workloads, regardless of where the data is created or where the applications reside.
EMC is committed to providing world-class data protection and availability solutions that address the entire range of customer use cases and workload types
“We’re honored for this incredible recognition of our technology, our people and the successful business we’ve built,” said Jeff Erramouspe, Spanning CEO. “Joining forces with EMC validates our business and products as among the best for cloud application backup and recovery. This move provides the best of both worlds – the freedom to continue as Spanning while, at the same time, gaining a huge advantage in the marketplace through EMC’s sheer scale. This is an exciting new chapter. Spanning is now an even stronger company, ensuring that our customers will be able to count on us for their data protection needs for the long term, while our partners can confidently build businesses around our products.”
“EMC is committed to providing world-class data protection and availability solutions that address the entire range of customer use cases and workload types,” said Guy Churchward, President, EMC Core Technologies Division. “With the addition of Spanning into our portfolio we are reaffirming that commitment. Born-in-the cloud applications are increasingly populating the landscape at enterprises and mid-market organizations and the data they generate needs to be protected. Spanning and EMC partnered productively long before this acquisition, so we’re excited to formally welcome Spanning and its employees into the EMC fold.”
Spanning has helped thousands of organizations and more than 1.8 million people use the company’s products. In addition to providing automated backup and recovery of Salesforce and the complete Google Apps suite, Spanning technology is also designed to provide customers with constant monitoring of data backups, allowing administrators to correct problems before they become issues. Spanning’s solutions mitigate risk of data loss caused by user error, hackers or system error and ultimately improve business efficiency.
EMC will leverage its global sales force and partner ecosystem to sell Spanning products and capitalize on the market opportunity for protection of born-in-the-cloud application data. Spanning technology enhances EMC’s industry-leading portfolio of enterprise data protection solutions, by extending protection to cloud-based applications and the business-critical data they create.
About Spanning Cloud Apps, Inc.
Spanning, the leading provider of backup and recovery for SaaS applications, helps organizations to protect and manage their information in the cloud. The company provides powerful, enterprise-class data protection for Google Apps and Salesforce. Spanning Backup is the most reliable and trusted cloud-to-cloud backup solution available. Learn more at http://www.spanningbyemc.wpengine.com.
Spanning is a registered trademark or trademark of Spanning Cloud Apps, Inc. in the United States and/or other countries.
EMC is a registered trademark or trademark of EMC Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners.
This release contains “forward-looking statements” as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) component and product quality and availability; (vi) fluctuations in VMware, Inc.’s operating results and risks associated with trading of VMware stock; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (ix) the ability to attract and retain highly qualified employees; (x) insufficient, excess or obsolete inventory; (xi) fluctuating currency exchange rates; (xii) threats and other disruptions to our secure data centers or networks; (xiii) our ability to protect our proprietary technology; (xiv) war or acts of terrorism; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC’s filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.