Paul Shread

Noncompliance really does cost. Just this week, JPMorgan Chase paid securities regulators $2.1 million to settle claims that the financial services giant failed to retain business-related email for a three-year period. As part of the settlement, JPMorgan agreed to establish appropriate controls for email communications within 90 days. “The total cost to JP Morgan was […]

High-tech law firm Fenwick & West LLP went shopping for a disaster recovery solution after geologists told them that their San Francisco and Silicon Valley offices could get hit hard by a 6.0 or higher earthquake in the region. They started with “the big boys,” as Fenwick CTO Matt Kesner puts it — SunGard, IBM […]

EMC on Monday announced general availability of its first 4 gigabit-per-second Fibre Channel offering, the Connectrix DS-4100B SAN switch solution based on Brocade’s SilkWorm 4100 SAN switches. EMC OEMs switches from the major storage switch vendors — McData, Brocade and Cisco — for its Connectrix offerings, and Brocade was the first to qualify. McData and […]

Advanced Digital Information Corporation (ADIC) has overhauled the hardware platform and management software for its Scalar i2000 enterprise tape library, and also announced a new remote diagnostic tool for all its storage platforms. ADIC claims four industry firsts for the new Scalar i2000 iLayer management software: true hot swap drives, drive firmware auto-leveling, native SMI-S […]

Storage vendors have spent much of the last year making their products easier to install and manage for small and medium-sized businesses (SMBs), so it was just a matter of time until someone tried to do the same for enterprise-class customers. Emulex has done just that with its new Enterprise AutoPilot Installer software for Windows-based […]

Incipient has scored $20 million in third-round venture funding, bringing its total haul to $55 million. Not too shabby for a company that has yet to ship its first product. GrandBanks Capital led the round, with participation from existing investors Globespan Capital Partners, Greylock, HLM Venture Partners and Sigma Partners. The latest round will be […]

Hoping to reverse storage switch market share gains by Cisco and Brocade , McData announced the acquisition of WAN connectivity specialist Computer Network Technology on Tuesday. McData called the acquisition “a major acceleration of its Global Enterprise Data Center strategy.” The all-stock transaction was valued at $235 million in equity and debt. “The opportunity to […]

Cisco and EMC have extended their partnership to include an end-to-end storage consolidation solution for remote-office data. By combining Cisco’s wide area file services (WAFS) technology acquired from Actona with EMC’s network attached storage (NAS) solutions, the two say they will offer an integrated solution to consolidate branch office data into the data center, allowing […]

MaXXan Systems, a pioneer in network-based intelligent storage solutions, has netted $29 million in venture funding, one of the biggest rounds of the year for a storage company. The funding round, led by BA Venture Partners, brings MaXXan’s total funding to a whopping $113 million since it incorporated in 2000. Other investors in the latest […]

EMC maintained the top spot in IDC’s Worldwide Quarterly Storage Software Tracker in the third quarter, while Veritas and IBM lost market share. And of the top five vendors, CA and HP boasted the strongest growth in the quarter, up about 30% each from the year-ago quarter. Behind the shifts was a surprisingly strong market […]

Hitachi Data Systems is taking a higher-end approach to the small and medium-sized business (SMB) market. HDS unveiled the new Hitachi Thunder 9520V Workgroup Modular Storage system, a serial ATA (SATA) version of its midrange Thunder systems. At about $22,000-$24,000 for a 3.4 TB solution, the 9520V offers software and features found in HDS’ midrange […]

EMC and Network Appliance turned in impressive performances in the third quarter, according to IDC’s Worldwide Quarterly Disk Storage Systems Tracker. EMC led the external disk storage systems market for the third consecutive quarter with 21.2% revenue share, driven by 17.4% year-over-year revenue growth for the quarter. HP, with a revenue decline of 7.5% year […]