Adaptec's Software Business to Gain Autonomy

Thursday, April 27, 2000

Adaptec's Software Business to Gain Autonomy

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"..Adaptec today announced they have initiated activities with the intent to create a separate entity around the current Software Products Group. This entity will start out with an annual revenue run rate in excess of $120 million and a dedicated focus on digital content management. Virtually all major PC manufacturers, CD-recordable manufacturers, and software retailers comprise the customer base.

For example, Easy CD Creator is the number one best selling CD-recording software product for creating music, photo, video and data CDs. The separate entity will continue to concentrate on the high growth CD-recording and data protection software market, as evidenced by the recent acquisition of Wildfile and its GoBack data protection software.."