Disaster recovery software vendor SteelEye has signed an agreement to merge and become a wholly-owned subsidiary of Japanese business partner Ten Art-ni.
The two firms have claimed the merger of their technical expertise, financial resources, business processes and partner relationships will allow them to be better positioned to server customers, resellers and development partners, and grow the company into a global software and services player.
Nobuo Kita, chief executive of Ten Art-ni said: “SteelEye and Ten Art-ni have shared a long and successful partnership which we will now extend into a merger of the two companies. We feel that combining our products, our personnel, our relationships with strategic partners and our brand recognition, will result in a very powerful global software and services organisation.”
Paul Adams, president of SteelEye said: “We feel our combined customers will benefit from our blend of technology leadership and proven strength in our respective markets. The merger will leverage both companies’ skills and technologies to take advantage of the burgeoning data protection and management market, while protecting customers’ investment in SteelEye’s products.”
The combined firm will be known as SteelEye in Europe and the Americas, and as Ten Art-ni throughout Asia.
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