Tuesday, September 13, 2005

Seagate Acquires Mirra for Home Networked Storage

Seagate Technology has acquired Mirra, a start-up providing networked digital content protection products for homes and small businesses, for an undisclosed sum.

Mirra's appliance, software and services provides continuous backup of data from multiple PCs, free secure online remote access and file sharing, and automatic file synchronization across networked computers.

Seagate said Mirra is a perfect strategic fit as it looks to extend its branded offerings and to deliver simple, reliable consumer solutions for safeguarding, sharing and accessing the consumer's digital life.

  • In June 2005, Seagate introduced a new 500GB hard drive for DVR and home entertainment systems. It will provide up to 85 hours of High-Definition TV recording, 500 hours of standard TV recording, and up to 10 simultaneous TV streams. Seagate said its DynaPlay Technology fine-tunes the drive's operating parameters for entertainment applications, including performance for uninterrupted digital media, security to enhance fair use of digital programming, and power to give manufacturers more leeway in selecting cost-efficient power supplies and keep internal temperatures under control.

  • In May 2005, Seagate Technology, which claims the leading market share position among hard disc drive manufacturers in key market segments, issued a report predicting increased shipments to satisfy the demands of the "Terabyte" Lifestyle. The disc drive industry is projected to exceed $30 billion and 550 million units annually by 2008, according to Gartner Research, up from $21.4 billion in 2004. Seagate alone is shipping almost 10 million more drives per quarter than it did just two years ago. Seagate has driven product innovation and reliability to new heights. Seagate expects to announce additional products in the coming months that will further penetrate the growing CE and home markets, as well as its traditional computing markets.

  • In March 2004, Mirra secured $8 million in funding led by Sequoia Capital and included existing investors Venture Strategy Partners and Sunrise Capital. Mirra is based in Mountain View, California

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