Online Backup Start-Up Tilana for SaleStrategic Advisory Services International searching acquirer
This is a Press Release edited by StorageNewsletter.com on 2012.01.31
Tilana Systems Corporation,
developer of cloud based, thin provisioned, inline deduplicated
synchronization, backup, file-sharing and storage solutions, has
retained Strategic Advisory Services International, LLC (SASI) to explore the sale of the company.
The company realizes that being part of a larger entity with an
established brand, channels and customers is the most logical and
efficient path to scaling the Tilana platform. In addition, time to
market is critical and the market is now primed for the Tilana
file-sharing, synchronization and storage solution set. Accordingly, the
company has engaged SASI to advise them in discussions with strategic
acquirers. The company intends to conduct discussions with interested
parties who can effectively leverage the company's products, technology
and management team.
Tilana was founded in 2005. Its cloud-based, thin provisioned,
inline deduplicated platform was launched in 2006 and was initially
deployed as a SaaS offering through Tilana and also as a branded host
service through www.gate.com. There have also been selected deployments
with small and large enterprises. A number of these deployments have
been running since 2006 without data loss or unplanned downtime. The
company has raised over $3M.