Friday, December 07, 2007

Seagate Buys e-Discovery Company, MetaLINCS

SCOTTS VALLEY, Calif.-December 6, 2007-Today, Seagate Technology (NYSE:STX) announced that it has signed an agreement to acquire MetaLINCS, a technology leader in the fast-growing E-Discovery market. MetaLINCS’s innovative, patent-pending software helps companies respond to litigation and regulatory issues that require them to search large volumes of electronic data for relevant information. MetaLINCS will become part of the Seagate Services Group and support its mission to help business customers protect and manage valuable company information. Financial terms were not disclosed.

MetaLINCS, based in San Jose, California, was founded in 2003 and has more than 50 employees, Seagate said. Its CEO, Ramon Nunez, will be in charge of Seagate Services Group's E-Discovery unit, according to the company.

This is just the latest acquisition for Seagate in 2007. The company, which is based in Scotts Valley, California, also bought EVault, which sells online backup and archiving services to small- and medium-sized businesses.

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