TSSW: $2.20 NEWS - Acquisition - Enters DATA Recovery/Flash Memory Market - 26 Billion Estimated Market
TouchStone Software Corporation Acquires Undelete-Plus Data Recovery Tool and Web Site
Tuesday October 30, 7:00 am ET
NORTH ANDOVER, Mass.--(BUSINESS WIRE)--TouchStone Software Corporation (OTCBB:TSSW - News) today announced that it has acquired Undelete-Plus, a leading data recovery utility along with the website www.Undelete-Plus.com. Undelete-Plus is a leading-edge utility which enables users to recover deleted files from their computer's hard drive as well as other storage media used in Smart Phones, Digital Cameras, MP3 Players, PDA's, Video Cameras and USB Thumb-drives.
“The acquisition of Undelete-Plus will greatly expand our existing suite of Internet services and products and create new revenue opportunities for the Company in the fast growing data recovery field,” said Jason Raza, president and chief executive officer of TouchStone Software Corporation.
“We anticipate a quick roll out of the rebranded Undelete-Plus product and expect to leverage our existing network of web properties to drive incremental revenue by offering our users Undelete-Plus in conjunction with our other existing products and services.”
Website Statistics for Undelete-Plus.com:
Alexa ranking of 92,009
Monthly unique visitors of 100,417
Monthly page views of 217,450
Undelete-Plus will add to TouchStone’s already very successful product line including:
DriverAgent
RegistryWizard
BIOSAgent
“Data Recovery has become an increasingly important concern in the consumer electronics industry as more and more devices make use of Flash memory storage," said Chris Dunigan, TouchStone Software's Director of Product Management.
“The consumer need and demand to recover deleted files will continue to increase. Based on statistics released in 2006 by industry analytics firm iSuppli in El Segundo, Calif., the Flash memory market alone will grow more than 50% to $26.2 billion in 2009."
The purchase was made for all cash and funded from TouchStone’s existing cash reserves. |
