Sanrise Acquires Exodus Commucications DataVault Business

SANTA CLARA, CA -- Sanrise Inc., has acquired the assests of, and is assuming the operations for, the Exodus Communications DataVault tape back-up and restore service business.

By combining sanrise's storagetone product suite and DataVault, officials hope to speed up the delivery of cutting edge back-up and restore technology to Exodus customers.

"Our leading-edge solution will deliver the next-generation storage services required across the breadth of the Exodus global footprint to further drive the ultimate customer experience," said Dave Schneider, president and CEO of sanrise.

The DataVault service provides a dedicated system for safeguarding mission-critical data on tape. Integral components include hardware and software provided by Sun Microsystems. DataVault also offers full management of customers' data backup process for individual files, file systems, databases and applications backing up more than 120 terabytes of data per month.

Terms of the deal include an Exodus equity investment in sanrise and further global expansion of the two countries.

This article was originally published on January 23, 2001