Paul Shread

LeftHand Networks has closed on a $25 million third round of funding, bring the iSCSI SAN vendor’s haul to $75 million to date. Valhalla Partners led the round, with new participation from JPMorgan Chase and funding from all previous investors. LeftHand said it will use the money to expand global sales and support for IP […]

Dell posted the strongest growth among the major storage vendors in the second quarter, growing at twice the rate of its biggest competitors, according to IDC’s Worldwide Disk Storage Systems Tracker. HP and IBM also posted strong growth in the second quarter, while EMC found itself in the unusual position of barely outgrowing the market. […]

Nexsan Technologies has unveiled an appliance that offers storage, management and security in a single box. Nexsan says its Assureon product is aimed at organizations that need to address issues such as regulatory compliance and information lifecycle management (ILM). Assureon offers advanced encryption, authentication and data protection combined with lifecycle management, RAID hardware and content […]

Overland may be facing an uncertain future with the loss of its biggest customer, but ADIC likes what it sees. ADIC disclosed in an SEC filing Friday that it had taken a 9.3% stake in Overland and had met to discuss “a possible business combination.” ADIC began acquiring shares of Overland on August 4 — […]

EMC has added NAS virtualization to its product arsenal with the acquisition of Rainfinity. EMC already offers SAN virtualization with its new Invista product, and the addition of Rainfinity gives the company a “comprehensive set of technologies” for networked storage virtualization, said Tom Joyce, EMC’s vice president of storage platforms marketing. It also gives EMC […]

EMC has acquired the assets of intelligent storage switch maker Maranti Networks, further thinning the ranks of intelligent storage start-ups. A Maranti spokesperson confirmed last month that the company was seeking a buyer and would not seek additional funding. The acquisition reduces the ranks of intelligent storage switch start-ups to just two — Troika and […]

Reeling from the loss of its biggest customer and sliding tape storage sales, Overland Storage has announced ambitious plans to compete with Network Appliance in tiered storage. Based on its $9 million acquisition last week of data protection software start-up Zetta Systems, Overland will begin shipping a primary storage product in October as part of […]

Symantec this week issued the first joint products since acquiring Veritas in a $10.5 billion deal last month, focusing on e-mail security and archiving and Linux-based storage management. Symantec says its new E-mail Security and Availability solution makes it “the only company addressing the full range of business and IT needs around keeping messaging systems […]

EMC officials boasted about the company’s accomplishments and outlined plans for the future at the company’s annual analyst meeting in New York on Thursday. Among the revelations is that the company plans to announce a continuous data protection (CDP) product in the next couple of weeks, according to EMC Software Group President Dave DeWalt. The […]

EMC has added some high-end features to its fast-selling midrange Clariion storage systems and software. Topping the list is the Hopkinton, Mass.-based vendor’s new UltraPoint Technology, which offers point-to-point disk array enclosures and drive-level fault detection, isolation and diagnosis, giving the systems greater reliability, availability and scalability. UltraPoint is backwards-compatible with previous versions of the […]

Expand Networks has inked a deal with DiskSites to add wide area file services (WAFS) and Common Internet File System (CIFS) acceleration to its wide area network (WAN) acceleration platform. Adding the new services to the company’s core Accelerator platform gives Expand one of the broadest offerings in the hot market for WAFS and WAN […]

Data Domain has an enviable problem: the company is growing so fast that it needs to hire salespeople to keep up with all the opportunities in disk backup. “If we can compete, we can win,” boasts Data Domain CEO Frank Slootman, who calls his company’s products “the best deal in disk backup.” To hire the […]