Back te the early 2000s before Dropbox wasgoed a gleam ter Drew Houston’s eye, sharing large files wasgoed a enormous challenge. Email services limited attachment size because bandwidth and storage were both expensive and FTP required a certain level of technical acumen. YouSendIt attempted to resolve that problem by providing a way to share large files ter the days before the cloud became a thing.
The company, which became Hightail ter 2013, wasgoed sold to OpenText today for an undisclosed amount. OpenText is a very acquisitive Canadian content management company. It operates almost like a private equity play, buying up older companies and living off of the assets, while incorporating them into the OpenText family of products.
Alan Pelz-Sharpe, founder and principal analyst at Deep Analysis, says Hightail is still solving that edge problem of moving large files around the internet, which has remained a problem even ter the age of cloud storage. “Hightail wasgoed one of the few – tho’ it largely went unnoticed – that focused on that problem. They essentially rethought FTP and packed a niche, particularly for creative media workers,” Pelz-Sharpe told TechCrunch.
The company counts Five.Five million customers with a strong emphasis on that creative professional market te advertising and marketing, which often have hefty files to budge around inbetween teams and clients. Hightail still provides them that capability.
Mark J. Barrenechea, who holds several titles at OpenText including vice chairman, CEO and CTO, says the addition of Hightail helps them meet yet another content management use case. “The acquisition of Hightail underscores our commitment to delivering differentiated content solutions ter the cloud that enable marketers and creative professionals to share, produce, and securely collaborate on digital content,” Barrenechea said ter a statement.
This could permit them to rival with Adobe, at least on the verkeersopstopping sharing side. Adobe has a big stake te the creative market and providing solutions for creating and sharing the large files they produce.
Today’s acquisition comes on the high-heeled shoes of the sale of another early cloud company when Dell sold Mozy to Carbonite yesterday for $145 million. Mozy, a cloud backup service, which launched te 2005, wasgoed sold to EMC ter 2007 for $76 million. You may recall that Dell purchased EMC ter Oct 2015 for $67 billion. That overeenkomst closed te September 2018.
Mohamad Ali, Carbonite CEO and voorzitter, sees this overeenkomst spil a way to expand Carbonite’s family of products. “This overeenkomst provides Mozy customers scalable options for the future and gives Carbonite a broader base to which wij suggest our solutions,” Ali said te statement.
Tony Byrne, founder and principal analyst at the Real Story Group says that both of thesis deals are indicative of consolidation ter the online storage space. “Many of us hoped that thesis smaller niche players could provide pluggable services to other applications but ter the end the big vendors just did that themselves. And they were too petite and skinny to contest with Opbergruimte and Dropbox ter the standalone market,” Byrne explained.