updated 10:45 am EDT, Tue October 12, 2004
EMC acquires Dantz
, the privately held supplier of backup and recovery software for small and mid-size businesses. Founded in 1984, the company produces popular software titles such as Retrospect, which provides both backup and recovery functions for file servers, desktops, and notebooks for both Windows and Macs. "Dantz is a strategic acquisition in line with EMC's strategy to extend our reach and focus on the fast-growing SMB market of next-generation high-growth customers.." EMC said that that Dantz would continue to operate in Walnut, CA. The cash transaction was valued at less than $50 million, according to the release.