Fabrik Has Acquired G-Technology
That's the second acquisition of start-up Fabrik, after the consumer business of SimpleTech last year.
This is a Press Release edited by StorageNewsletter.com on January 17, 2008 at 3:53 pmFabrik, Inc.has acquired G-Technology, Inc., a manufacturer of premium storage solutions for the Apple Mac community, including heavy users of multimedia content, Final Cut Pro digital audio/video specialists, and other pre/post production professionals. Fabrik has acquired G-Tech in a cash and stock transaction. Financial terms will not be disclosed.
In February 2007, Fabrik purchased the consumer business of SimpleTech, which now offers a leading portfolio of online services, home network solutions, storage devices and memory for the consumer and small business markets. Serving the creative professional market, G-Tech complements this offering by delivering a respected brand in the Apple Mac community, known for making professional-quality, specialized solutions with unmatched performance, reliability, compatibility and style. Specifically designed for HD video editing, 3D rendering and other demanding applications, G-Tech’s product family further expands the company’s footprint to include a wide array of USB, FireWire, eSATA, SCSI and Fibre Channel systems ideal for both small creative studios or big production houses.
"Fabrik intends to not only to maintain, but accelerate the growth of the G-Tech product line, which represents a strategic part of our overall portfolio," said Mike Cordano, Fabrik CEO and co-founder. "We are excited about the extension of our market position as G-Tech has done a phenomenal job developing solutions specifically for the Mac and content creation industry. Based on this success, we plan to keep G-Tech’s brand and identity intact, providing working capital, marketing power and resources needed to help grow the business both domestically and abroad."
Roger Mabon, CEO of G-Tech, sees the acquisition as beneficial for his company as well. "Fabrik represents a great opportunity for us. Combining Fabrik’s vision, financial resources, and operating team places us in a powerful strategic position. There is no better scenario for our business, the market and the employees at G-Tech," said Mabon. He will remain at Fabrik as vice president of sales and marketing for the G-Tech product group of Fabrik, reporting to Cordano.
"The Mac community continues to increase and G-Tech has a strong following in the Mac community," said Wolfgang Schlichting, research director at IDC. "Combining G-Tech with its SimpleTech business will allow Fabrik to add a dedicated product line specifically designed for the Mac market, as well as to diversify and broaden its customer and revenue base."
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