Business Briefs

Posted on August 01, 2003


StoneFly Networks has secured $12 million in Series C funding, led by Rustic Canyon Partners. Existing investors, including Crescendo Ventures, El Dorado Ventures, and Palomar Ventures, also participated in the latest round of funding, bringing the company's total equity investment to $34 million.

Revivio has secured $20.7 million in Series B funding, bringing the company's total funding to $30.5 million. Globespan Capital Partners, a new investor, led the round, which also included investments from all previous participants—Bessemer Venture Partners, Charles River Ventures, and Flagship Ventures.

Overland Storage has acquired Okapi Software, marking its entry into the emerging market of intelligent, disk-based appliances based on iSCSI and Serial ATA disk technologies. The acquisition price of $5 million includes $2.5 million in Overland stock (134,551 shares), $1.8 million in cash, and Overland's assumption of approximately $700,000 in liabilities.

BlueArc has secured an additional $47 million in funding, bringing total capital raised to $147 million. MeriTech Capital Partners led the round, with co-investments from Crosslink Capital and RWI Group.

File system management start-up DeepFile has signed a licensing agreement with Collective Technologies, an IT services firm. Collective will incorporate DeepFile's products with its packaged services offerings and is also partnering with DeepFile to provide file and file storage management services within its line of outsourced enterprise managed infrastructure services.

KVS and MDY Advanced Technologies have a strategic partnership for e-mail archiving and records management. The companies will integrate KVS's Enterprise Vault e-mail archiving and content management software with MDY's FileSurf records management software.

LSI Logic will participate in the industry's first public demonstration of the exchange of data between Serial-Attached SCSI (SAS) prototype devices at a Colorado Springs reception of the ANSI T10 committee. Its SAS controllers based on Fusion-MPTTM (Message Passing Technology) architecture will be featured in SAS interoperability demonstrations with Maxtor and Seagate Technology.

ATTO Technology and NCE Computer Group, a worldwide provider of custom service and storage solutions, announced an agreement that will expand technical support worldwide for both system integrators and end users of ATTO storage products. The partnership provides access to 24x7 technical support and on-site service.

Compellent Technologies has secured more than $14 million in additional financing, bringing the total capital raised to more than $23 million. Funding was led by Cargill Ventures and existing investors El Dorado Ventures and Crescendo Ventures.

Nishan Systems' IPS 3300 multi-protocol IP storage switch was named SAN Product of the Year at the 10th Annual Networking Industry Awards, based on its functionality, innovation, performance, configuration, resilience, ease of use, price, and customer experiences.

Hewlett-Packard has introduced a developers program completely based on an open, industry-standard interface across storage hardware and software. The HP SMI-S Developers Program facilitates partner development of technologies based on the Storage Management Interface Specification (SMI-S). Open to qualified HP partners, program membership includes AppIQ, BMC Software, Computer Associates, CreekPath Systems, Storability Software, and Veritas Software.

NeoScale Systems' CryptoStor family of storage security appliances have achieved OpenReady-tested status with McData, enabling NeoScale's products to become part of the McData SANtegrity Ecosystem of partners to deliver solutions for securing storage networks.

SteelEye Technology, a provider of enterprise IT reliability solutions for business continuity, and Sistina Software announced a joint business alliance that will ensure support for customers deploying Linux solutions comprising SteelEye LifeKeeper, Sistina GFS, and Sistina Logical Volume Manager technology.

The Dexxon-Data Media Group, based in Paris, has acquired Digital Storage from Daisytek International.

NEC Solutions and OuterBay are working together to deliver PeopleSoft customers a life-cycle approach to manage data growth and reduce infrastructure costs. The solution allows companies to relocate inactive PeopleSoft data to less expensive storage classes while retaining connected, real-time access to the data.

RTKL, an international, multi-disciplined design services practice headquartered in Baltimore, MD, has signed a Master Alliance Teaming Agreement with StorageTek. The companies will jointly identify, pursue, and develop potential sales and service opportunities in the market for data storage center operations.

British Telecom (BT) has signed a frame agreement with Nortel Networks optical metro dense wavelength-division multiplexing (DWDM) equipment as a response to customer-driven demand for SAN connectivity. BT's broadband point-to-point data networking division, Short-Haul Data Services (SHDS), will use the equipment for its Wavestream Connect service.

Vixel has added two new OEMs to the list of vendors that are integrating its InSpeed switching technology into disk arrays. Xyratex will integrate Vixel's SOC 320 and Vitesse's VSC7197 switching technology in a Fibre Channel disk array. BlueArc is also integrating Vixel's embedded switching technology into its Si8000 SiliconServer line of network-attached storage (NAS) servers., the data storage industry's job board and career portal, has established a Board of Advisors, which consists of industry experts who will provide strategic advice to's executive management team. Charter members of the board include Bill Beattie (CommVault Systems), Michael Cullen (EMC), Deborah Johnson (Infinity I/O), Randy Kerns (The Evaluator Group), Michael Thorson (Minnesota Open SAN User Group), and Scott Valcourt (University of New Hampshire InterOperability Laboratory).

Invio Software has an agreement with McData, whereby McData will license Invio's Storage Practice Manager software, leveraging its process automation technology to create next-generation enterprise storage management solutions.

EMC is acquiring Legato Systems, Mountain View, CA, in a stock transaction worth approximately $1.3 billion. The addition of Legato's strengths in heterogeneous information protection and recovery, hierarchical storage management, automated availability, and e-mail and content management is expected to expand EMC's portfolio of open storage software.


A chart accompanying the article, "High-end NAS market heats up" (InfoStor, May 2003, p. 10), inaccurately reflects the number of terabytes shipped by NAS vendors in 2002. The correct chart is published here.

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