ADIC Completes Hat Trick

Posted on January 31, 2001

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By Heidi Biggar

In its third acquisition in as many years, Redmond, WA-based storage vendor Advanced Digital Information Corporation (ADIC) today announced plans to purchase Pathlight Technology, a privately owned manufacturer of storage area network (SAN) products, in an effort to broaden its overall storage portfolio.

ADIC acquired software provider MountainGate and mixed-media library/software vendor Emass in September 1999 and August 1998, respectively.

"Our intent is to be a storage company - to offer storage solutions based on disk and tape," explains Jonathan Otis, vice president of product marketing at ADIC. "We haven't moved that far from being a library company yet, but this acquisition is a large step in [that direction]."

Of particular interest to ADIC are Pathlight's SAN Gateway, SAN Router, Virtual Private SAN, and Virtual Private Map technologies, which will be integrated into ADIC libaries to improve their management, virtualization, and connectivity capabilities and marketed to integrators and OEMs as standalone technologies for non-ADIC-specific disk or SAN environments.

"For some time, we've been saying that building intelligent functionality and virtualization into our libraries is a crucial product differentiator and to getting real management within a SAN," explains Otis. "[Pathlight] gives us a huge jump."

Under the merger agreement, 10.3 million shares of ADIC common stock will be exchanged for all outstanding Pathlight stock, warrants, and stock options. The deal is expected to be finalized by late April.


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