DataSpan Holdings Acquires DataSpan

DataSpan Holdings announced it has acquired DataSpan, a data storage, products and management provider from its parent company, Media Recovery.

DataSpan Holdings veteran Micky Tsui will serve as the president and CEO of DataSpan, with Nancy Shemwell poised to serve as COO. Paul Zaidins of sponsor company Bonefish Capital will act as chairman of the board.

“There is tremendous opportunity and pent-up demand in the information management marketplace,” said Shemwell, in a statement. “We know that DataSpan is well-positioned for a strong future and believe we can bring additional expertise, relationships and investments that will benefit our employees, customers and longtime partners.”

The Dallas-based company has a 40-year history of providing technology infrastructure, data protection products and critical solutions to companies ranging from Fortune 1000 clients to small and midsize enterprises, according to the press release. DataSpan will keep its name, with Steve Breinig continuing in his role as vice president of Sales and John Bates staying on as vice president of Operations, according to the company.

“Information management has never been more important to business, yet the market isn’t adequately served with enough diverse solutions,” said Tsui. “It’s an exciting time for DataSpan because the industry is undergoing a major transition that engages both legacy and emerging networks and DataSpan is uniquely positioned to bridge the gap between technology creators and users. Each partner in our group has navigated major technology transitions, and we look forward to working closely with DataSpan’s outstanding combination of loyal customers and talented employees to set the stage for a future of exciting growth.”