| MessageOne acquires Evergreen Assurance technology
MessageOne has announced the acquisition of specific assets and technologies of Baltimore-based Evergreen Assurance, a provider of high availability failover solutions for Microsoft Windows applications. MessageOne will acquire key assets of Evergreen, including all of the company’s technology and software code, for a combination of cash and stock. In conjunction with the acquisition, Evergreen Assurance’s largest investor, Venrock Associates, has made an undisclosed cash investment in MessageOne, affirming its confidence in MessageOne’s business, growth opportunities and strategic direction. “MessageOne’s success in the business continuity market has enabled us to expand our product line and acquire complementary solutions that our customers have requested,” said Satin Mirchandani, CEO of MessageOne. “Evergreen’s technology is complementary with MessageOne’s suite of products. Our market penetration, strategic industry partnerships, and financial stability will provide a strong platform to deliver Evergreen technology to a broader base of customers.” With this acquisition, MessageOne plans to offer a range of business continuity solutions to customers, depending on their needs and budgets, from the breakthrough-priced MessageOne EMS e-mail continuity service to Evergreen’s high availability service for Exchange and other Microsoft Windows applications. MessageOne will integrate Evergreen’s technology to expand its product portfolio across a wide range of Microsoft Windows applications, such as SQL Server, Active Directory, Research In Motion’s BlackBerry Enterprise Server and Good Technologies’ GoodLink Server. The acquisition includes all of Evergreen’s intellectual property – including Evergreen’s portfolio of services that provide customers with automated, application-level failover, failback and real-time data replication. The Evergreen Assurance engineering and development team is relocating to Austin, Texas. MessageOne will invest in updating Evergreen’s support operations, and plans to grow the existing sales/marketing presence in the mid-Atlantic region.
•Date:
22nd October 2004 • Region: N.America •Type:
Article •Topic: BC
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