Symform, the Seattle-based cloud storage startup, announced today that its technology and development team have been acquired by Quantum, a San Jose-based backup and data retention company. The financial terms of the deal were not disclosed.
Quantum says it’s committed to maintaining Symform’s service for existing customers, and boosting its cloud offerings with the technology and human resources it has acquired. In particular, Quantum praised the system’s flexibility and it’s ability to allow users to manage their data online.
“As just one example, we will be integrating Symform software and our platforms to create simple, very cost-effective cloud service options for long-term archive data and cold storage,” Quantum President and CEO Jon Gacek said in a press release.
In addition to the changes to Quantum’s offerings, the company also said that it will be bringing new changes to the Symform user base, though it didn’t elaborate on what those will be.
Symform’s service is currently being used by 45,000 customers in 170 countries, and the company had raised $20 million in funding to date. Most recently, the company raised $200,000 in debt financing in June. Prior to that, Symform raised a $11 million Series B round in 2012, led by WestRiver Capital with participation from OVP Venture Partners and Longworth Venture Partners.