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2002, July week 4a, news archive
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- The 10 biggest storage companies in 2004?
ANGELES - July 23, 2002 - DataDirect Networks announced that they have
begun production of a plug and play appliance that allows IT professionals to
create affordable and scalable SANs for workgroup and departmental use. The
S2A 3000 Silicon Storage Appliance is a simple to deploy, easy to manage and
affordable storage network appliance that allows companies to achieve
application performance gains, cost-effective scalability and simplified
management with an appliance-enabled SAN.
Based on DataDirect Networks' proven Silicon Storage Appliance technology, S2A 3000 Silicon Storage Appliances supply an aggregate bandwidth up to 800 megabytes per second to workgroups typically consisting of one to twenty-four Linux, Unix, Windows NT/2000, Sun, AIX, Macintosh and SGI compute nodes. The S2A 3000 can easily manage storage network environments ranging in capacity from 500 GB to 14 Terabytes. Deploying a workgroup SAN using the S2A 3000 is virtually plug and play, with users easily connecting servers and workstations into one side of the 1U high appliance and commodity-priced JBOD disks into the other side.
System configuration and network virtualization is done in a quick, three-step process. Scaling of the storage network and activation of additional software modules (included in the S2A 3000) can be quickly and non-disruptively activated with a software key. In addition, S2A 3000 appliances can also be deployed in a "couplet" fashion to bring highly available, redundant solutions to businesses. Announced for orders in April, the S2A 3000 has generated substantial interest among decision makers in the company's core vertical markets that include rich media content creation and delivery, high performance computing deployments in broadcasting, production and post production facilities, government agencies, life sciences, oil and gas, and imaging.
"Companies want the benefits that SANs can bring, but have been held back by complexity and management costs associated with building first generation SANs - until now," said Brad Winett, vice president, business development, DataDirect Networks. S2A 3000 Silicon Storage Appliance-based solutions (that include appliance plus storage, rack and enclosures) start from under $40,000 and are available immediately. ...DataDirect Networks profile
SEATTLE - July 22, 2002 - Isilon Systems today announced the completion of a $15 million second round of financing, in which the company received an increased valuation from its previous round. Sequoia Capital led the financing, the first time the firm has led a round in Washington State. Initial investors Atlas Venture and Madrona Venture Group also participated, bringing Isilon's total funding to $23.4 million. Concurrent with the financing, Sequoia Capital partner Greg McAdoo has joined Isilon's board of directors.
"Isilon embodies many of the same characteristics of our franchise companies that have grown into major players - the company is focused on a large and growing market opportunity, has built a product driven entirely by customer needs, and the team has proven it can execute by meeting all of its key milestones," said Greg McAdoo at Sequoia Capital, which was an initial investor in companies such as Network Appliance, Cisco Systems Inc., and Oracle Corp. "The growth in digital content is enormous, and it is clear that businesses need a completely new solution to effectively store and manage it. We are confident that Isilon will become a significant player in the network storage arena over the next several years."
The company received its series A investment of $8.4 million in May 2001 to fund product development. Its second round of financing will be used to expand sales and marketing for its network storage system, which is currently in customer trials and scheduled to ship this fall. Unlike traditional storage products that were built to handle text-based and transactional data, Isilon's system was designed from the ground up for digital content such as video, images, and research data. ...Isilon Systems profile
San Ramon, CA - July 22, 2002 - Pegasus Disk Technologiess announced today the release of InveStore® v4 Enterprise Storage Management Software as the first in a series of major new releases providing enterprise storage management support for archive and back-up applications. InveStore v4 is an easy to implement software solution for managing storage devices under Windows NT and 2000. It provides Explorer like functionality, while maintaining compatibility and support for the historical media and devices that are used for storage management. It also provides for the ability to expand single-volume limitations, spanning multiple volumes for increased data archival capability. InveStore v4 goes beyond the current model, providing greater functionality and enterprise level control of the data storage system and its individual components. InveStore v4 began shipping on July 15, 2002.
"By plugging directly into the Microsoft Management Console module, InveStore v4 eliminates the need for a proprietary GUI. This presents users with a standard look and feel for system management", explains Roy Slicker President and CEO of Pegasus Disk Technologies. "The MMC allows the user the ability to operate within a standard framework, eliminating the need for extensive training for storage server and network applications management personnel." ...Pegasus Disk Technologies profile
MELVILLE, N.Y. - July 22, 2002 - FalconStor Software, Inc. (Nasdaq: FALC) today announced financial results for its second quarter ended June 30, 2002. Revenues for the second quarter of 2002 increased by $2.3 million compared with the same period a year ago, from $43,000 to $2.4 million. Net loss for the second quarter decreased to $2.5 million compared with $4.4 million for the same period a year ago. For the first six months of fiscal 2002, FalconStor recorded revenues of $4.4 million, compared with $43,000 for the same period a year earlier. Net loss for the six month period was $5.0 million compared with a net loss of $7.4 million reported in the corresponding period a year ago.
For the second quarter of 2002, revenues increased 20% from $2.0 million in the first quarter of 2002 to $2.4 million in the second quarter of 2002. This increase in revenues occurred while operating expenses increased only 7%. Net loss for the quarter was $2.5 million, down from $2.6 million in the previous quarter. The Company closed the quarter financially strong with $52 million in cash, cash equivalents and marketable securities, after deducting net liabilities of discontinued operations.
"We are pleased with the worldwide adoption of IPStor by enterprise customers to maximize their business continuity with unprecedented performance, reliability and availability," said ReiJane Huai, Chairman and CEO of FalconStor. "The recently announced IP Metrics acquisition will allow us to extend the scope of a high-availability infrastructure from storage and servers on the SAN to servers and workstations on the LAN." ...FalconStor Software profile
PRINCETON, NJ - July 22, 2002 - Princeton Softech today announced general availability of Princeton Softech's Archive for Servers 5.0 with support for Sun Microsystems' Solaris UNIX operating environment. This advance allows companies to optimize network facilities and take advantage of high-speed UNIX processing capabilities to archive large volumes of relational data stored on the Sun Solaris UNIX platform. Additionally, Archive for Servers 5.0 delivers enhanced support for Microsoft's SQL Server(tm) 2000.
"Princeton Softech is committed to expanding active archiving technology across all platforms to help users worldwide take control of accelerating data growth," says Lisa Cash, President and CEO of Princeton Softech. "As the UNIX platform with the largest market share, support of Sun Solaris marks the beginning of our effort to support UNIX and our commitment to UNIX users worldwide. We also plan to deliver UNIX processing capabilities for Hewlett Packard's HP-UX and IBM's AIX operating systems." ...Princeton Softech profile
See also:- Sun VARS by country - AU, CA, CZ, DE, FR, HU, IE, IL, IT, NL, NO, RO, SE, SL, UK, US
Walnut Creek, Calif. - July 22, 2002 EVault, Inc. today announced the opening of two new electronic vaults, as well as sales territory expansion, into the Atlanta and Cincinnati metropolitan areas. The continuing expansion throughout North America illustrates EVault's commitment to maintaining business continuity for Southeast and Midwest companies by providing them with the most efficient, secure and reliable means of protecting and recovering data.
The additional vaults are housed at SunGard (NYSE:SDS) and Broadwing Inc. (NYSE: BRW), two leading telecommunications and information availability providers, in their Atlanta and Cincinnati facilities, respectively. In teaming with EVault, both organizations offer EVault customers powerful, "big pipe" optical networks and raised floor facilities, providing extremely fast data transfer and rock-solid security. To support vault operations in those areas, EVault is also adding territory sales managers to the Southeast and Midwest regions.
"Opening new vaults clearly reflects EVault's growth and our uncompromising desire to provide the most robust and cost-effective data protection and recovery software and services in all areas of North America," says EVault CEO Alston Noah. "This vault and sales force expansion shows our commitment to bring our services directly to where the customer resides. Also, by having Broadwing and SunGard as our data center backbone, we're able to leverage their state-of-the-art facilities to help do whatever is necessary to keep businesses up-and-running at all times." ...eVault profile
LUMBERTON, N.J. - July 22, 2002 - Inrange Technologies Corporation (Nasdaq: INRG) today announced its financial results for the second quarter ended June 30, 2002. For the three month period, INRANGE recorded revenues of $52.8 million, down 24 percent from the comparable 2001 quarter and a pro forma net loss of $1.2 million or $0.01 per common share. On a GAAP basis, the company recorded a loss of $9.1 million or $0.11 per diluted common share. The GAAP results reflect amortization of certain intangible assets and special charges including restructurings, product discontinuance, and facility closures. The results were in line with preliminary results announced earlier this month.
Sherrie Woodring, president and CEO, said, "While the results for the second quarter did not meet our expectations, there are several encouraging signs that make us optimistic about the second half of the year. Demand for our 128 and 256 port FC/9000 Fibre Channel Directors continues to grow, and development of our 2 Gbps Directors is complete, with partner qualifications expected later this quarter. Our PerformanceVSN monitoring solution, which provides IT administrators with new levels of visibility into the network, captures historical data, and offers an innovative approach to SAN performance monitoring, has been extremely well received by our customers and has started to generate revenue. We have received qualification from a major storage vendor for FCIP remote mirroring solutions, which should drive increased revenues for our SAN Extension products. And finally, our services business remains healthy and posted record revenues and earnings this quarter, with new consulting services expected to drive incremental revenue going forward." ...INRANGE Technologies profile
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