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Two Jersey data companies teaming up
Tacit Networks adds Mobiliti
Tuesday, January 24, 2006
BY TOM JOHNSONStar-Ledger Staff
Tacit Networks, a privately held storage networking company in South Plainfield, is expected to announce today it acquired Edison- based Mobiliti, a vendor specializing in securing data on laptop computers.
The terms of the deal couldn't be learned, but the transaction is expected to give Tacit a better toehold in the fast-growing market for data consolidation among small office, home office and mobile workers.
Mobiliti was founded in 1997 and has about a dozen employees. It makes software that protects data on laptops and its list of 450 customers includes Shell Oil, Lucent Technologies and Motorola, and more than 100,000 users.
With the acquisition, Tacit becomes one of the first companies to offer consolidation of information technology from the home office to branch offices to individual workers using remote laptop commuters.
Chuck Foley, president of Tacit, said the company began talks with Mobiliti in the first quarter of 2005 and closed the deal in December. Mobiliti's employees already have moved into Tacit's offices in South Plainfield.
Founded in 2000, Tacit employs more than 100 people and hopes to turn profitable sometime this year, according to Foley. The company's revenue is growing 40 percent quarter over quarter, he said.
Tacit's technology allows its clients, including more than a dozen Fortune 500 companies, the ability to speedily exchange content data between data centers and remote offices via secure high-speed networks. Mobiliti has developed a technology that extends that ability to laptop computers, a market which also is rapidly growing.
"We think this is a very significant extension to our market," Foley said. The technology affords businesses huge savings in software, massive savings in maintenance, and enhanced security throughout its network, he said.
The market for data consolidation is growing as more workers are based away from corporate data centers. The need to control data from branch offices and remote workers is emerging as a top priority for many businesses.
"Data protection is typically only dealt with in earnest at the data center level, but Tacit Networks enables true manageability from the core, though the remote sites, all the way to the road warrior," said Heidi Biggar, an analyst with Enterprise Strategy Group.
Tom Johnsonmay bereachedat tjohnson@starledger.com or (973) 392-5972.
© 2006 The Star Ledger
© 2006 NJ.com All Rights Reserved.
Two Jersey data companies teaming up
Tacit Networks adds Mobiliti
Tuesday, January 24, 2006
BY TOM JOHNSONStar-Ledger Staff
Tacit Networks, a privately held storage networking company in South Plainfield, is expected to announce today it acquired Edison- based Mobiliti, a vendor specializing in securing data on laptop computers.
The terms of the deal couldn't be learned, but the transaction is expected to give Tacit a better toehold in the fast-growing market for data consolidation among small office, home office and mobile workers.
Mobiliti was founded in 1997 and has about a dozen employees. It makes software that protects data on laptops and its list of 450 customers includes Shell Oil, Lucent Technologies and Motorola, and more than 100,000 users.
With the acquisition, Tacit becomes one of the first companies to offer consolidation of information technology from the home office to branch offices to individual workers using remote laptop commuters.
Chuck Foley, president of Tacit, said the company began talks with Mobiliti in the first quarter of 2005 and closed the deal in December. Mobiliti's employees already have moved into Tacit's offices in South Plainfield.
Founded in 2000, Tacit employs more than 100 people and hopes to turn profitable sometime this year, according to Foley. The company's revenue is growing 40 percent quarter over quarter, he said.
Tacit's technology allows its clients, including more than a dozen Fortune 500 companies, the ability to speedily exchange content data between data centers and remote offices via secure high-speed networks. Mobiliti has developed a technology that extends that ability to laptop computers, a market which also is rapidly growing.
"We think this is a very significant extension to our market," Foley said. The technology affords businesses huge savings in software, massive savings in maintenance, and enhanced security throughout its network, he said.
The market for data consolidation is growing as more workers are based away from corporate data centers. The need to control data from branch offices and remote workers is emerging as a top priority for many businesses.
"Data protection is typically only dealt with in earnest at the data center level, but Tacit Networks enables true manageability from the core, though the remote sites, all the way to the road warrior," said Heidi Biggar, an analyst with Enterprise Strategy Group.
Tom Johnsonmay bereachedat tjohnson@starledger.com or (973) 392-5972.
© 2006 The Star Ledger
© 2006 NJ.com All Rights Reserved.
posted by Jones Lang LaSalle NJ News Blog at 10:59 AM
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