Iomega Corp to acquire CSCI

New Delhi, July 14 (UNI) San Deigo 's Iomega Corporation, a global leader in data protection, today announced that it has reached a definitive agreement to acquire CSCI, a San Diego-based managed services and outsourced IT company.

CSCI is the 2006 winner of the Juniper Networks, ''Managed Services Provider of the Year'' award and the creator of OfficeScreen services, a suite of managed virtual private networks (VPNs) that provide small to medium-sized businesses with secure wide-area networks that efficiently and economically link offices and remote workers.

''With the addition of OfficeScreen, Iomega is taking the first step toward becoming a managed services company,'' said Iomega Corp CEO Jonathan Huberman in a statement.

According to independent market analysis, the global market for managed security services is expected to be 2.9 billion dollars in 2006, growing to 3.7 billion dollars in 2008.

In addition to OfficeScreen, CSCI, has a systems integration business that is included in the Iomega acquisition of the company.

The transaction is expected to close within 60 days, a statement said here.

Iomega expects to grow the existing OfficeScreen business in the US by selling its branded managed services through several different channels, including telecommunications providers, hosting companies, VARs and Systems Integrators, direct and indirect sales organisations and retail operations.

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