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Note: Two official press releases, and spanning CEO’s comments are posted below

Spanning Is Acquired By EMC Corporation

Company Continues To Do Business as Spanning Cloud Apps in EMC’s Core Technologies Division; Serves as Foundation for EMC’s “Born-in-the-Cloud” Data Protection Strategy

AUSTIN, TX – October 28, 2014 — /BackupReview.info/ — Spanning Cloud Apps, Inc., the most trusted provider of data backup and recovery for cloud applications, today announced that it has been acquired by EMC Corporation. The company will continue to operate under the Spanning® Cloud Apps brand in Austin, Texas and will be the foundation of EMC’s “born-in-the-cloud” data protection strategy in its Core Technologies Division. Terms of the acquisition were not disclosed.

The acquisition was announced in conjunction with the launch of the EMC Enterprise Hybrid Cloud Solution, which underscores EMC’s commitment to customers to deliver choice and agility in hybrid cloud deployments. The combination of EMC’s data protection portfolio and Spanning’s services positions EMC to empower users to confidently deploy data protection solutions across all applications and workloads, regardless of where the data is created or where the applications reside.

“We’re honored for this incredible recognition of our technology, our people and the successful business we’ve built,” said Jeff Erramouspe, Spanning CEO. “Joining forces with EMC validates our business and products as among the best for cloud application backup and recovery. This move provides the best of both worlds – the freedom to continue as Spanning while, at the same time, gaining a huge advantage in the marketplace through EMC’s sheer scale. This is an exciting new chapter. Spanning is now an even stronger company, ensuring that our customers will be able to count on us for their data protection needs for the long term, while our partners can confidently build businesses around our products.”

“EMC is committed to providing world-class data protection and availability solutions that address the entire range of customer use cases and workload types,” said Guy Churchward, President, EMC Core Technologies Division. “With the addition of Spanning into our portfolio we are reaffirming that commitment. Born-in-the cloud applications are increasingly populating the landscape at enterprises and mid-market organizations and the data they generate needs to be protected. Spanning and EMC partnered productively long before this acquisition, so we’re excited to formally welcome Spanning and its employees into the EMC fold.”

Spanning has helped thousands of organizations and more than 1.8 million people use the company’s products. In addition to providing automated backup and recovery of Salesforce and the complete Google Apps suite, Spanning technology is also designed to provide customers with constant monitoring of data backups, allowing administrators to correct problems before they become issues. Spanning’s solutions mitigate risk of data loss caused by user error, hackers or system error and ultimately improve business efficiency.

EMC will leverage its global sales force and partner ecosystem to sell Spanning products and capitalize on the market opportunity for protection of born-in-the-cloud application data. Spanning technology enhances EMC’s industry-leading portfolio of enterprise data protection solutions, by extending protection to cloud-based applications and the business-critical data they create.

About Spanning Cloud Apps, Inc.
Spanning, the leading provider of backup and recovery for SaaS applications, helps organizations to protect and manage their information in the cloud. The company provides powerful, enterprise-class data protection for Google Apps and Salesforce. Spanning Backup is the most reliable and trusted cloud-to-cloud backup solution available. Learn more at http://www.spanning.com

Try Spanning Backup with a 14-day free trial or request a demo. Follow Spanning on Twitter @SpanningBackup, on LinkedIn, and Google+ to stay up-to-date on SaaS backup and recovery.

Spanning is a registered trademark or trademark of Spanning Cloud Apps, Inc. in the United States and/or other countries.

EMC is a registered trademark or trademark of EMC Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners.

This release contains “forward-looking statements” as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) component and product quality and availability; (vi) fluctuations in VMware, Inc.’s operating results and risks associated with trading of VMware stock; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (ix) the ability to attract and retain highly qualified employees; (x) insufficient, excess or obsolete inventory; (xi) fluctuating currency exchange rates; (xii) threats and other disruptions to our secure data centers or networks; (xiii) our ability to protect our proprietary technology; (xiv) war or acts of terrorism; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC’s filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

Media Contacts
fama PR for Spanning
Ted Weismann
617-986-5009
spanning@famapr.com

Source: Spanning

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EMC has issued a similar press release, as posted below:

EMC Scores a Cloud Hat-trick; Acquires Cloudscaling, Maginatics and Spanning

EMC Enterprise Hybrid Cloud Solution and Services Set New Standard for Simplicity, Choice and Agility

STORY HIGHLIGHTS

  • Three new acquisitions extend EMC’s hybrid cloud strategy and vision across cloud infrastructure, storage and data protection
  • The all-cash transactions are not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2014 fiscal year
  • EMC acquires Cloudscaling to deliver enterprise-grade, OpenStack® Powered hybrid cloud solutions
  • EMC acquires Maginatics to deliver cloud choice with data mobility across multiple clouds
  • EMC acquires Spanning to deliver new protection capabilities for “born in the cloud” applications and data

HOPKINTON, MASS., OCTOBER 28, 2014 — /BackupReview.info/ — Today EMC Corporation (NYSE:EMC) announced the acquisition of three cloud technology companies: The Cloudscaling Group, Inc., Maginatics, Inc. and Spanning Cloud Apps, Inc. Each company brings to EMC deep expertise and powerful capabilities that enable EMC to extend the reach of its hybrid cloud vision across cloud infrastructure, storage and data protection. The acquisitions, together with today’s announcement of the EMC Enterprise Hybrid Cloud Solution, underscore EMC’s commitment to customers to deliver choice and agility in hybrid cloud deployments.

Businesses are demanding more than ever from IT. They want choice in devices, rapid creation and deployment of new services, and flexibility as to where applications live, how they are managed and by whom. Against this backdrop, they want to do more with less, lower their costs and have the ability to scale instantaneously. To meet these expectations IT organizations must deliver IT-as-a-Service (ITaaS) via a Well-Run Hybrid Cloud that brings together the performance, security, and control of private cloud with the flexibility and cost advantages of public cloud.

NEW EMC COMPANIES AND CAPABILITIES
With today’s acquisitions, EMC broadens its cloud capabilities on three key dimensions: the ability to offer customers hybrid cloud solutions based on OpenStack technology, cloud choice with data mobility across multiple clouds, and new protection capabilities for “born in the cloud” applications and data.

  • Cloudscaling is a leading provider of OpenStack® Powered Infrastructure-as-a-Service (IaaS) for private and hybrid cloud solutions, and is a founding member of the OpenStack Foundation.  Its Open Cloud System (OCS) provides an operating system to manage compute, storage and networking in the cloud. The Cloudscaling OCS supports a new generation of cloud-based applications and provides the agility, performance and economic benefits of leading public cloud services, but it is deployed in customer data centers and, therefore, remains under the control of IT. The addition of Cloudscaling will provide EMC customers with multiple options for running private and hybrid clouds and will help EMC accelerate its infrastructure offerings based on OpenStack technology.
  • Maginatics is a cloud technology provider offering a highly consistent global namespace accessible from any device or location, unlocking enterprise hybrid cloud choice and flexibility for EMC customers and partners through interfaces into a variety of private and public clouds. The addition of Maginatics extends EMC’s cloud data protection strategy by enabling unified data protection and management across disparate private, public and hybrid clouds. Maginatics technology also facilitates efficient data mobility across multiple clouds with data deduplication, WAN optimization, handling of large objects and multi-threading. EMC expects to integrate Maginatics technology with existing EMC data protection software, storage and services.
  • Spanning is a leading provider of subscription-based backup and recovery for “born in the cloud” applications and data. Spanning solutions prevent business interruption due to data loss in Google Apps and Salesforce.com (a solution for Microsoft Office 365 will be available in the first half of 2015). The combination of EMC’s data protection portfolio and Spanning’s services uniquely positions EMC to help users confidently deploy data protection solutions across all applications and workloads, regardless of where the data is created or where the applications reside.

Cloudscaling CEO Randy Bias and team will join the EMC Emerging Technologies Division led by its President, CJ Desai. Maginatics CEO Amarjit Gil and team, along with Spanning CEO Jeff Erramouspe and team will join EMC’s newly formed Core Technologies Division led by its President, Guy Churchward.

EMC EXECUTIVE QUOTE
David Goulden, Chief Executive Officer of EMC Information Infrastructure
“We could not be more excited to welcome Cloudscaling, Maginatics and Spanning to EMC. What we have here is a trifecta of customer choice for hybrid cloud environments. Each company offers unique technology for delivering cloud abstraction and flexibility for customers. Together with the new EMC Enterprise Hybrid Cloud olution, EMC customers and partners are better positioned than ever to capitalize on the promise of hybrid clouds and deliver the agility of IT-as-a-Service that their businesses require.”

ADDITIONAL RESOURCES:

  • Cloudscaling CEO blog: “An OpenStack Dream Team: EMC + Cloudscaling”
  • Maginatics CEO blog: “EMC and Maginatics Join Forces”
  • Spanning CEO blog: “Why We’re Excited That EMC Has Acquired Spanning”
  • EMC Reflections Blog: “EMC Wins Hybrid Cloud Trifecta”
  • EMC Press Release: EMC Redefines Hybrid Cloud for the Enterprise
  • EMC Pulse Blog: “Hybrid Cloud Made Easy”
  • Connect with EMC via Twitter, Facebook, YouTube, LinkedIn and ECN

ABOUT EMC
EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing.  Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.

EMC is a registered trademark or a trademark of EMC Corporation in the United States and/or other countries. All other trademarks used are the property of their respective owners.

The OpenStack word mark and the Square O Design, together or apart, are trademarks or registered trademarks of OpenStack Foundation in the United States and other countries, and are used with the OpenStack Foundation’s permission.

This release contains “forward-looking statements” as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) component and product quality and availability; (vi) fluctuations in VMware, Inc.’s operating results and risks associated with trading of VMware stock; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (ix) the ability to attract and retain highly qualified employees; (x) insufficient, excess or obsolete inventory; (xi) fluctuating currency exchange rates; (xii) threats and other disruptions to our secure data centers or networks; (xiii) our ability to protect our proprietary technology; (xiv) war or acts of terrorism; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC’s filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

PRESS CONTACTS
Ed Luboja
(203) 210-7404
edward.luboja@emc.com
www.emc.com

Source: EMC

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Spanning CEO Jeff Erramouspe’s Comments:

The Best of Both Worlds – Why We’re Excited that EMC Has Acquired Spanning

Oct 28, 2014 By: Jeff Erramouspe, President and CEO, Spanning

Today is a huge day in the history of Spanning Cloud Apps, Inc.; EMC has acquired Spanning to be the foundation of their “born-in-the-cloud” data protection strategy in the Core Technologies Division. This is really exciting news and we’re tremendously honored. EMC is the biggest, baddest player in the data protection market, and their purchase validates our business and products as among the best for cloud application backup and recovery. This is incredible recognition of our technology, our people and the successful business we’ve built with the help of our awesome customers and partners worldwide.

Why did EMC buy Spanning?
Certainly, they liked our products, growing customer base, and reseller network. But what really tipped the scales was what they saw in our people, our approach, and our deep understanding of cloud computing and cloud-to-cloud backup. Our core values were one of the first things we presented during the due diligence process, and it showed EMC who we were, not just what we did. Spanning will be at the tip of the spear for EMC’s born-in-the-cloud data protection strategy while building out our industry-leading backup and recovery product portfolio for cloud applications. We will also identify integration opportunities within EMC’s portfolio of hybrid cloud data protection solutions to find a better way to manage and protect cloud application data. Our existing business processes, including reseller and partner relationships, will remain in place, and we will continue to do business under the Spanning brand.

Why did we agree to be acquired now?
We are an excellent fit with EMC – culturally, technically and strategically. Through our discussions with them we realized how much they valued Spanning; again, not just for our products or revenue stream, but for who we are. We are certain that we would continue to be successful as an independent company – our business has tripled over the past twelve months, our list of marquee customers has grown dramatically, and over 1.8 million people use our products. By any measure, Spanning has been killing it, and we were confident of continued success. But as we dug into the opportunity, we realized that virtually all of our business objectives could be achieved more quickly as a part of EMC. We are always looking for leverage to better serve our customers and partners, and EMC provides us a very big lever.

So this move provides the best of both worlds – the freedom to continue to be Spanning while, at the same time, gaining a huge advantage in the marketplace through sheer scale. Having a market-leading company behind us who is committed to allowing us to remain agile and innovative is a tremendous opportunity. This will also be outstanding for our customers and partners. Spanning will be a stronger company, ensuring that our customers will be able to count on us for their data protection needs for the long term, while our partners can confidently build businesses around our products.

This is an exciting new chapter for Spanning, and we look forward to what it will bring. If you have any questions please feel free to contact me at jeff@spanning.com.

Source: Spanning Blog

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