Kardex AG acquires Kardex Systems Inc
Kardex AG, one of the world's leading providers of automated storage, retrieval and materials handling solutions, has signed an asset purchase agreement to acquire the assets of U.S. competitor Kardex Systems Inc., which had previously filed for Chapter 11 bankruptcy with a U.S. court. Kardex Systems Inc. posted sales of approximately $21 million in the 2007 financial year, and has a staff headcount of around 100. Under the transaction, Kardex AG is acquiring the Kardex brand in the USA, a production site in Lewistown, Pennsylvania, and a sales organization with a broad base in the North American market. This will enable Kardex to substantially expand its U.S. distribution company, Remstar Inc. In addition, the merger of the two U.S. companies opens up sustainable synergy potential for Kardex and reinforces Kardex's market position in the USA.
Announcement Date: December 12, 2008
Deal Value: Undisclosed
Mirapoint acquires Intradyn
Mirapoint, provider of secure-messaging products, has acquired Intradyn, provider of software that it incorporates into all-in-one data protection and preservation appliances — providing enterprise-class functionality at prices affordable to businesses of all sizes. This strategic acquisition allows Mirapoint to expand its product line, which will now include a suite of active email archiving appliances, as well as award-winning mailbox management, message-store optimization, archiving, and eDiscovery products. The combined company now serves more than 2,200 customers, including the distribution/OEM of more than 800 companies that trust Intradyn’s archiving solutions, making it one of the largest archiving companies in the marketplace. Mirapoint also gains over 500 new direct customers through this acquisition, giving Mirapoint additional up-sell opportunities for its product line.
Announcement Date: November 13, 2008
Deal Value: Undisclosed
Barracuda Networks acquires BitLeap
Barracuda Networks Inc., provider of email and web security appliances, has acquired BitLeap, a provider of local and offsite data backup and disaster recovery solutions. As part of the acquisition Barracuda Networks will now offer Barracuda Backup, a complete and affordable data backup and disaster recovery solution, to customers of all sizes and business types. BitLeap developed a compelling technology and services platform for delivering a unique backup solution to the market. Barracuda Networks believes that the combination of the trusted Barracuda Networks brand, customer-centric business approach, as well as its extensive worldwide channel reach will enable it to offer an affordable backup solution to its current customers and to mainstream businesses of all sizes.
Announcement Date: November 6, 2008
Deal Value: Undisclosed
RackSpace acquires Jungle Disk and Slicehost
Web hosting provider RackSpace is acquiring two firms, Jungle Disk and Slicehost. According to RackSpace, it is acquiring Slicehost for its virtual server hosting services, and Jungle Disk for its cloud storage products. Rackspace announced the win as part of a new cloud hosting strategy. Rackspace says that it intends to integrate the capabilities of the two firms into its complete hosting portfolio.
Announcement Date: October 22, 2008
Deal Value: Undisclosed