Paul Shread

Xyratex on Thursday announced plans to acquire nStor Technologies for about $21.2 million. The boards of directors of both companies have approved the merger. Xyratex said the acquisition will combine its expertise in high-volume, high-availability storage system enclosure design with nStor’s value-added RAID controller and storage software to produce highly scalable storage systems. Under the […]

Holographic storage has been pursued since Polaroid scientist Pieter J. Van Heerden first thought of storing data in three dimensions in 1963, but InPhase Technologies says it is close to making the technology a commercial reality. The company, which has netted $61 million in funding since being spun out of Lucent Technologies’ storied Bell Labs […]

QLogic is making a bold play to attract small and medium-sized businesses (SMBs) to Fibre Channel SANs with a new line of low-cost software, HBAs and switches. The new SAN Express line is designed for QLogic channel partners to migrate SMBs from direct attached storage (DAS) to SANs. The product line features SANbox Express 1400 switches, […]

Riverbed Technology hopes to make further inroads into the market for WAN optimization and wide area file services (WAFS) with the release of the second generation of its Steelhead product. Riverbed claims that Steelhead 2.0 “offers distributed enterprises the most complete and best-performing Wide-area Data Services (WDS) solution available today.” The new release offers improved […]

In a market in which intelligent storage switch startups have faced tough going, Troika Networks may have what it takes to be a survivor. Troika announced $14.4 million in second-round funding this week, with Anthem Ventures Partners, Draper Fisher Jurvetson, DynaFund Ventures, Hamilton Technology Ventures and Windward Ventures all participating in the round. With Pirus, […]

Wall Street analysts expect storage companies to fare reasonably well in second-quarter earnings reports due out this month, and they expect an even stronger second half for the sector. In a research note published last week, Merrill Lynch said it expects storage companies to meet analysts expectations for the second quarter, and to offer “healthy” […]

Cloverleaf Communications has netted $11 million in new funding and released version 2.0 of its iSN intelligent storage networking system. The third-round funding was led by new investor Hyperion Israel Venture Partners, with full participation by existing investors including Bank of America, Genesis and Elta Systems, which spun off Cloverleaf in 2001. The company has […]

Shareholders approved the merger of Veritas and Symantec on Friday, clearing the way for one of the largest software mergers ever. There was some question whether Symantec shareholders would go for the deal, with Symantec’s stock off more than 30% since the deal was announced in December. But support from the influential Institutional Shareholder Services […]

Diligent Technologies revealed this week why top-tier venture capitalists were willing to shell out so much cash last year for a product they had yet to see. Boasting gaudy numbers both in performance and cost-savings, Diligent unveiled its ProtecTIER platform and HyperFactor factoring technology with claims that the technology can eliminate redundant data and decrease […]

Driven by compliance, data protection and management needs, storage software continues to grow more than twice as fast as the storage hardware market. According to IDC’s Worldwide Quarterly Storage Software Tracker, the storage software market grew 14.9% year over year to $2.1 billion in the first quarter of 2005, the sixth straight quarter of double-digit […]

The recent well-publicized backup tape losses at the likes of Bank of America and Ameritrade appear to be pushing some storage end users to consider alternative technologies such as virtual tape and online backup solutions. Lasso Logic, for one, claims to have signed more than 40 partners, with another 40 pending, in the month since […]

CitiFinancial plans to begin encrypting data and sending it to credit bureaus electronically after data tapes containing the personal information of 3.9 million customers were lost by UPS. CitiFinancial has begun notifying its Branch Network customers of the loss. The tapes contain customer names, Social Security numbers, account numbers and payment history. “We and other […]