BUSINESS BRIEFS

Posted on May 01, 2000

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StorageTek (STK) and Great Hill Partners (a Boston-based investment firm) recently announced the formation of ManagedStorage International, which will offer storage services such as storage on demand, server and PC backup, and content management. Great Hill contributed $50 million in equity funding, and STK contributed approximately 70 former employees and the customer base of its storage services unit. The new company is targeting Internet data centers, ISPs, ASPs, and content providers.

File access provider Xdrive plans to use StorageNetworks Inc.'s (SNI) Global Data Storage Network (GDSN) to support the Internet-based XdriveES service, which provides file access, storage, and backup services. XdriveES is geared toward companies with geographically dispersed work forces that need to access and exchange files. SNI's GDSN links its Storage Point-of-Presence (S-POP) data centers. The agreement between the two companies also includes joint sales and marketing.

Last month, Hewlett-Packard announced Fibre Channel connectivity for its SureStore family of magneto-optical (MO) jukeboxes. The jukeboxes currently support point-to-point configurations, but HP plans to deliver arbitrated loop and SAN fabric support later this year.

In a reverse merger, Toronto-based Bolivar Goldfields Ltd. bought systems integrator Champion Computer Corp. Under the terms of the deal, expected to close next month, Bolivar will no longer exist and privately held Champion will then list publicly on the Toronto stock exchange. Later this year, the combined company plans to launch a storage service provider operation. Financial terms of the agreement were not disclosed.

Overland Data has certified CommVault Systems' Galaxy storage management software suite to run with its DLT libraries. CommVault also announced Galaxy certification for St. Bernard Software's Open File Manager.

Hall-Mark Global Solutions has signed a deal to become the first distributor of Tivoli Systems' SANergy 2.1 file sharing software. Earlier this year, Tivoli acquired the SANergy technology as part of its acquisition of Mercury Computer Systems.

Quantum's DLT and Storage Systems Group sold its CD-ROM networking systems business to Excel Computer for an undisclosed amount. Quantum plans to place additional resources toward its Snap! network-attached storage (NAS) server line. As part of the acquisition, Excel will receive Quantum's CD Net Universal product line.

LiveVault Corp. has introduced a backup service provider (BSP) offering that allows its resellers to rent continuous data protection services powered by LiveVault's software.

-Compiled by Zachary Shess

Originally published on .

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