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4-Traders Homepage  >  Equities  >  Nasdaq  >  Seagate Technology PLC    STX   IE00B58JVZ52

Delayed Quote. Delayed  - 10/21 10:00:00 pm
34.5 USD   -1.37%
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Seagate Technology PLC : EVault and Cequel Data Centers Team Up to Deliver Cloud-Connected Backup and Recovery Services

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11/27/2012 | 02:05pm CEST

New Partnership Provides Comprehensive Data Protection to National Enterprise Customers

EVault, Inc., a Seagate Company (NASDAQ:STX), and Cequel Data Centers, LLC, today announced that Cequel Data Centers has joined the EVault® Partner Program and will promote and sell EVault's cloud-connected? backup and recovery services at its locations across the United States.

Cequel Data Centers owns Dallas, Texas-based Colo4, Perimeter Technology in Oklahoma City and Tulsa, Oklahoma, and TierPoint in Spokane, Washington. The three managed services providers currently offer primary and secondary backup and colocation services, and are now extending their cloud services to offer the EVault integrated suite of award-winning, cloud-connected backup solutions.

"As a colocation and managed services company with multiple data centers across the country serving a wide range of customers and industries, it is important for us to offer the best data storage options and continually work to expand our offerings," said Andy Stewart, vice president of corporate development for Cequel. "Partnering with EVault enables us to deliver a unified solution across all of our markets, allowing us to provide our customers with a range of features and services that go above and beyond what single-site operators can offer."

EVault provides onsite, cloud, and cloud-connected -- or hybrid -- data protection solutions to help organizations protect and access their business data. EVault has led the industry in the move to hybrid storage models, with a uniquely integrated ecosystem of EVault storage software, SaaS, managed services, and appliances that help ensure customers maintain business continuity in multi-platform, multi-site environments. EVault data protection, disaster recovery and other storage services are optimized to perform in a distributed environment; supported by a secure, reliable cloud storage infrastructure; and backed by the highest quality customer service.

"Building a strong partnership with a respected national colocation and managed services provider like Cequel is instrumental to EVault's growth and success," said Dave Hallmen, vice president of sales and marketing, EVault, Inc. "By joining forces with a national provider of carrier-neutral, data center colocation services to distribute our cloud-connected services, EVault is able to complement our award-winning backup and recovery solutions with Cequel's leading offerings."

EVault cloud-connected backup and recovery products and services are available immediately through Colo4, Perimeter Technology, and TierPoint.

About Cequel Data Centers

Cequel Data Centers is a colocation and cloud services provider that was established in 2010 by Cequel III, a St. Louis-based management and investment firm, and Thompson Street Capital Partners, a St. Louis-based private equity firm, together with New York-based private equity firm Charterhouse Group, Inc. The company owns and operates more than 100,000 square feet of premier data center space, with locations in Dallas, Oklahoma City, Tulsa, and Spokane.

About EVault

More than 38,000 midmarket companies rely on EVault cloud-connected backup and recovery services. Delivered by a team of data recovery experts and using the very best cloud-connected technology, EVault backup solutions seamlessly integrate on-premise and online backup data protection for fast, local data access and ensured cloud disaster recovery. Optimized for distributed environments and backed by an ironclad cloud, EVault technology also powers the offerings of cloud services providers, data centers, telcos, ISVs, and many others. EVault is a Seagate Company.

Follow @EVault on Twitter, subscribe to the blog, and like EVault on Facebook.

Copyright 2012 EVault, Inc. All rights reserved. Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. EVault and cloud-connected 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.

Beth Sanzone or Darren Weiss, 1-415-625-8555
Cequel Data Centers
Pete Abel, 1-314-315-9346

© Business Wire 2012
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Financials ($)
Sales 2017 10 785 M
EBIT 2017 1 348 M
Net income 2017 768 M
Debt 2017 2 437 M
Yield 2017 6,56%
P/E ratio 2017 14,25
P/E ratio 2018 11,76
EV / Sales 2017 1,20x
EV / Sales 2018 1,20x
Capitalization 10 493 M
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Mean consensus HOLD
Number of Analysts 32
Average target price 38,0 $
Spread / Average Target 8,8%
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Stephen James Luczo Chairman & Chief Executive Officer
William David Mosley President & Chief Operating Officer
David H. Morton Chief Financial Officer & Executive Vice President
Mark Brewer Chief Information Officer
Mark Re Chief Technology Officer & Senior Vice President
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