Terremark Worldwide, a provider of managed IT infrastructure services, has acquired data storage company DS3 DataVaulting, for a purchase price of $11.5m in cash, to enhance its data storage and backup offering.
Founded in 2002, Fairfax, VA based DS3 provides customers with offsite, online data backup and restore services which enable enterprises and government agencies to backup and restore files, databases and operating systems.
Marvin Wheeler, chief strategy officer of Terremark, said: “Acquiring DS3 enhances our overall data storage offering and helps us accelerate the development of our solutions in the area of managed storage, which is a key growth opportunity driven by the escalating data demands created by new technologies and increasingly stringent regulatory compliance.”
According to Terremark, combining DS3’s backup and restore offerings with their existing services and connected facilities adds to the value that our data storage offerings provide to enterprise and federal government agencies.
With a list of enterprise and government customers, including the National Oceanic and Atmospheric Administration, the addition of DS3 also provides Terremark with a considerable opportunity to up sell its full suite of services to a new customer base, the company said.
DS3 provides local and remote business continuity services, coupled with backup archive tiers and data discovery capabilities. The company was recently selected as an Asigra 3D Hybrid Partner.
Mr Wheeler, added: “We also expect to realise cost synergies by relocating DS3’s infrastructure to our world-class data centers and eliminating the need to outsource some of our data storage services.”