2/16/2004 - Adaptec, Inc. (NASDAQ: ADPT), a global leader in storage solutions, has completed the purchase of Elipsan Limited, a network storage software provider. Adaptec purchased Elipsan for $19.5 million in cash. Elipsan's storage-virtualization software enables Adaptec to make storage more cost-effective and easier to scale.
"Adding storage virtualization directly into Adaptec's RAID subsystems simplifies network storage management for IT managers," said Robert N. Stephens, president and chief executive officer for Adaptec. "We're pleased to offer more cost-effective and time-saving options for managing storage, which are core benefits of Adaptec's end-to-end storage offering."
As storage needs grow, IT managers typically expand storage space by adding multiple RAID subsystems, which make network storage more complex to manage. Elipsan's software enables IT managers to capture all network storage capacity, physically located throughout the organization, in a single, easy-to-manage interface.
By integrating Elipsan's virtualization and business-continuance software directly into Adaptec's RAID subsystems, Adaptec eliminates the need for a dedicated server or expensive third-party software. The new capabilities also enable Adaptec to offer faster data backup and recovery to optimize business continuity.
Adaptec Inc. (NASDAQ:ADPT) provides end-to-end storage solutions that reliably move, manage and protect critical data and digital content. Adaptec provides software and hardware solutions for storage connectivity and data protection, storage networking and networked storage subsystems to leading OEM and distribution channel partners. Adaptec solutions are in use by enterprises, ISPs, medium and small businesses and consumers worldwide. Adaptec is an S&P Small Cap 600 Index member.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: