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BakBone Software Announces Acquisition of Assets from Asempra Technologies

Asempra develops real-time data protection and recovery solutions for Windows applications

BakBone Software has announced that it has acquired certain assets from Asempra Technologies, Inc., a privately held company based in Santa Clara, Calif. Asempra develops real-time data protection and recovery solutions for Windows applications and file system data. Under the terms of the agreement, BakBone has agreed to issue 3,846,154 common shares and to pay cash consideration of approximately $350,000, plus accrued royalties.

“A key growth strategy of our company is to offer customers a broad portfolio of product and service offerings. This acquisition represents an execution of our stated Integrated Data Protection strategy and helps build on our position as a leading provider of data protection solutions that improve overall performance and reduce operational costs,” said Jim Johnson, president and chief executive officer, BakBone. “Our data protection platform, when combined with Asempra’s Any Point-In-Time technology for Exchange and SQL Servers, as well as Windows file systems, provides customers with cost-effective tools to enhance their current data protection strategies. And, this solution enables customers to significantly reduce downtime and data loss of the important business assets that reside in these critical Microsoft applications.”

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