Quotium acquires Hi-Stor Technologies

Paris, France 18-Nov-2009. Quotium Technologies ( QTE,NYC-Euronext ) Chairman and CEO Michel Tiberini, today announced the acquisition the software company Hi-Stor Technologies. Hi-Stor Technologies - which has offices in France, the United States, and presence in UK and Germany - offers leading software solutions for Archival and Secondary Storage monitoring.

For Quotium, which was seeking to extend its critical applications management solutions to the management of critical data, this acquisition brings innovative technologies that allow Quotium to enter into the fast growing storage management market. To develop this storage monitoring business, Quotium will leverage its strong financials, in order to extend the existing international organisation and provide customers innovative products to reduce their cost and risk levels.

Quotium intends to continue developing the StorSentry technology, that has major references in the Entreprise markets, and expand the current range of solution in the archival market. The combined solutions will be sold worldwide under the Quotium Technologies brand name

Quotium Chairman and CEO Michel Tiberini said, “At Quotium we’re always looking to ensure that we possess the best technical and commercial means to add value to our critical application monitoring offering. The technologies that Hi-Stor has developped are a perfect fit for Quotium that will extend its portofolio of solutions into the storage market.

Terms of the transaction were not disclosed.