Several weeks after recommending to investors that they approve a bid by a private equity company to take over the struggling maker of optical storage media, Plasmon has been bought by an unidentified U.S. firm.
As a result of the deal, which earlier reports valued at $25 million, Plasmon has become Plasmon Holdings LLC, and will move its headquarters from the U.K. to the U.S. Plasmon will continue its strategy under CEO Steven Murphy of fitting its products in to users’ overall long-term archiving strategies (bolstered by partnerships with NetApp and IBM-FileNet) rather than focusing solely on the speeds and feeds of its optical media.
Murphy has been here before. He was CEO of Softek when it spun out of Fujitsu and went private in 2004. Last year, IBM acquired Softek for an undisclosed amount, and folded Softek’s host-based Transparent Data Migration Facility (TDMF) data migration software into its IBM Global Services (IGS) division,.