Seagate Launches EVault, A Seagate Company, Unifying Its Services Businesses Under New Operating Structure To Ensure Agility, Speed And Efficiencies In Going To Market

SANTA CLARA, Calif. – Sept. 23, 2008 – Seagate (NASDAQ:STX) today announced a comprehensive rebranding of its EVault™, MetaLINCS™, and Seagate Recovery Services companies, which were operating as a division of Seagate under the name Seagate Services. Collectively these companies will now be formally known and unified as EVault™, A Seagate Company. Under this operating structure EVault has the agility, speed and efficiency to meet customer data management needs with its software, software as a service (SaaS) and managed service solutions, while continuing to be backed by the resources of an industry-leading corporation.

EVault, A Seagate Company, focuses on the unique needs and expectations of small, mid-size and enterprise companies. The “i” in the name represents information—reflecting the company’s mission to provide businesses with protection, control and management of their business critical information and “365″ for our commitment to be reliably available and accessible to our customers, both for their information and for our support.

The value proposition of EVault is to offer a combination of innovative technology, trusted services and support, and choice in delivery, deployment and management of products and services—all with unparalleled customer service. Building on its customer base of more than 22,000 small, mid-sized and enterprise customers, and its eight global data centers, the company is poised to continue its growth in North America and its expansion within European markets.

In 2006, Seagate acquired ActionFront™ Data Recovery Labs, launching the creation of Seagate Recovery Services. In 2007, Seagate acquired EVault, which provides data backup and recovery software and software as a service (SaaS), the Open File Manager product line from St. Bernard Software, as well as MetaLINCS, which provides E-Discovery software, hosted and managed service solutions.

“The creation of EVault brings together the best of what each company has to offer,” said Mark Grace, general manager of EVault, A Seagate Company. “As we evolve and expand our capabilities into new markets, it’s important to do so with an integrated identity that reflects our core values of innovative technology, trusted services and support, a choice in deployment management, and an unparalleled customer experience.”

The product offerings from EVault include EVault EVault Data Protection, enabling the protection and recovery of businesses’ mission critical data; EVault MetaLINCS™ E-Discovery solutions for first pass processing, content analysis, and review of electronic information for investigatory and litigation needs; and EVault Retention Management solutions comprising data recovery, migration, restoration and data management that bridge the needs of E-Discovery and data preservation.

In 2007, EVault, A Seagate Company grew year on year revenues by 39 percent, beating industry estimates from IDC, which predicted the 2007 growth for data protection and recovery software and online backup services at 12.6 percent and 38 percent respectively, and forecast the 2007-2011 five-year compound annual growth rate (CAGR) for the revenue of legal discovery and litigation support infrastructure market at 17.6 percent. EVault, A Seagate Company, has over 500 employees worldwide, including expanded operations in North America and Europe.

“For companies of all sizes, managing growing amounts of data while satisfying stringent regulations for protecting and accessing it has become a major challenge. They must now look for proactive, cost-effective ways to protect, retain, and discover their electronic information,” said Laura DuBois, program director for IDC’s Storage Software practice. “EVault’s software technologies and their flexible SaaS, hosted, and managed service delivery models, combined with appliance, service, and software upgrade paths position them well to succeed in this dynamic marketplace.”

EVault, A Seagate Company, will be headquartered in Santa, Clara, Calif.

About Seagate

Seagate Technology is the worldwide leader in the design, manufacture and marketing of hard disc drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. The Seagate business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the time-to-market leader in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world’s growing demand for information storage. Seagate can be found around the globe and at www.seagate.com.

About EVault

EVault, a Seagate Company, provides on-premise and Cloud-Connected storage solutions to help small to mid-sized organizations protect and access their business data – anytime, anywhere. Through a uniquely integrated ecosystem of storage software, SaaS, managed services and appliances, we help our customers meet the challenges of maintaining business continuity in multi-platform, multi-site environments. Our EVault(r) data protection, disaster recovery and other solutions are optimized to perform in a distributed environment, supported by a secure, reliable Cloud storage infrastructure and backed by the highest quality customer service. Our solutions are sold through a broad reseller network, and power the products and services of Managed Service Providers, Data Centers, Telcos, Application Providers, and other technology partners for more than 25,000 customers worldwide. www.evault.com.

Copyright 2010 EVault Inc. All rights reserved. Printed in USA. Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. EVault and EVault are either trademarks or registered trademarks of EVault Inc. or one of its affiliated companies in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners.

Contact Information:

North America:
John Sun
EVault, A Seagate Company
510-903-7129
john.sun@evault.com