STX Seagate Technology Holdings PLC

Seagate (NASDAQ:STX) today announced a comprehensive rebranding of its EVaultTM, MetaLINCSTM, and Seagate Recovery Services companies, which were operating as a division of Seagate under the name Seagate Services. Collectively these companies will now be formally known and unified as i365TM, A Seagate Company. Under this operating structure i365 has the agility, speed and efficiency to meet customer data management needs with its software, software as a service (SaaS) and managed service solutions, while continuing to be backed by the resources of an industry-leading corporation. i365, A Seagate Company, focuses on the unique needs and expectations of small, mid-size and enterprise companies. The �i� in the name represents information�reflecting the company�s mission to provide businesses with protection, control and management of their business critical information and �365� for our commitment to be reliably available and accessible to our customers, both for their information and for our support. The value proposition of i365 is to offer a combination of innovative technology, trusted services and support, and choice in delivery, deployment and management of products and services�all with unparalleled customer service. Building on its customer base of more than 22,000 small, mid-sized and enterprise customers, and its eight global data centers, the company is poised to continue its growth in North America and expansion within European markets. In 2006, Seagate acquired ActionFrontTM Data Recovery Labs, launching the creation of Seagate Recovery Services. In 2007, Seagate acquired EVault, which provides data backup and recovery software and software as a service (SaaS), the Open File Manager product line from St. Bernard Software, as well as MetaLINCS, which provides E-Discovery software, hosted and managed service solutions. �The creation of i365 brings together the best of what each company has to offer,� said Mark Grace, general manager of i365, A Seagate Company. �As we evolve and expand our capabilities into new markets, it�s important to do so with an integrated identity that reflects our core values of innovative technology, trusted services and support, a choice in deployment management, and an unparalleled customer experience.� The product offerings from i365 include i365 EVault Data Protection, enabling the protection and recovery of businesses� mission critical data; i365 MetaLINCS E-Discovery solutions for first pass processing, content analysis, and review of electronic information for investigatory and litigation needs; and i365 Retention Management solutions comprising data recovery, migration, restoration and data management that bridge the needs of E-Discovery and data preservation. In 2007, i365, A Seagate Company, grew year on year revenues by 39 percent, beating industry estimates from IDC, which predicted the 2007 growth for data protection and recovery software and online backup services (SaaS) at 12.6 percent1 and 38 percent2 respectively, and forecast the 2007-2011 five-year compound annual growth rate (CAGR) for the revenue of legal discovery and litigation support infrastructure market at 17.6 percent3. i365, A Seagate Company, has over 500 employees worldwide, including expanded operations in North America and Europe. �For companies of all sizes, managing growing amounts of data while satisfying stringent regulations for protecting and accessing it has become a major challenge. They must now look for proactive, cost-effective ways to protect, retain, and discover their electronic information,� said Laura DuBois, program director for IDC�s Storage Software practice. �i365�s software technologies and their flexible SaaS, hosted, and managed service delivery models, combined with appliance, service, and software upgrade paths position them well to succeed in this dynamic marketplace.� i365, A Seagate Company, will be headquartered in Santa Clara, Calif. About Seagate Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. The Seagate business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the time-to-market leader in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com. About i365, A Seagate Company i365, A Seagate Company, provides proven solutions for the protection, retention management, and discovery of electronic information. Trusted by over 22,000 customers, our innovative technologies combined with flexible deployment options form solutions to solve organizations� most rigorous compliance and data management problems. Our solutions address the complexity of explosive data growth, the challenge of maintaining high availability of critical business systems, and the increasing demands of regulatory compliance and litigation. Our offerings include i365 EVault Data Protection software and SaaS for backup and recovery; i365 Retention Management solutions for data recovery, migration, restoration and data management solutions; and i365 MetaLINCS E-Discovery solutions for first pass processing and advanced content analysis of electronic information. http://www.i365.com Copyright (c) 2008 Seagate Technology LLC. All rights reserved. Printed in USA. Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. i365, A Seagate Company, i365, EVault and MetaLINCS, are either trademarks or registered trademarks of Seagate Technology LLC 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. 1 IDC Worldwide Data Protection and Recovery Software 2007 Vendor Shares: Market Rebounds, Doc # 213320 (July 2008) 2 IDC Worldwide Online Backup Services 2007-2011 Forecast: A New Market Emerges, Doc # 209868, (December 2007) 3 IDC Worldwide Legal Discovery and Litigation Support Infrastructure 2007-2011 Forecast: Legal Matter and Compliance Records Repositories Are the Early Use Cases of the Active Archiving Architecture, Doc # 207155, (June 2007)