Xiotech Acquires Seagate's Advanced Storage Architecture Group |
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Xiotech Corp.
6509 Flying Cloud Dr.
Eden Prairie, MN, 55344
USA
Press release date: November 7, 2007
EDEN PRAIRIE, Minn., Nov. 7 / -- Xiotech® Corporation announced today it has acquired Seagate Technology's® (NYSE:STX) Advanced Storage Architecture (ASA) group. In the acquisition, Xiotech purchased certain assets of the ASA business and acquired a license to the associated technology.
Dr. Ellen Lary will serve as the vice president and general manager of this team. Dr. Lary, who most recently was a consultant to the Seagate ASA group, became vice president and general manager of Digital Equipment's Storage Product Division in 1996, where she grew the business to $1.9 billion in revenue. After Compaq's acquisition of Digital, she was appointed vice president of Business Critical Storage for Compaq.
Steve Sicola, general manager of the Seagate ASA group, will serve as the chief technology officer for Xiotech. Mr. Sicola has more than 29 years in the storage industry, was a Compaq Fellow, and was chief technology officer of StorageWorks at Compaq and Digital.
"We think that the ASA technology will in time transform the market's perceptions about storage capacity, performance and reliability," said Casey Powell, president and CEO, Xiotech. "In time, we expect the ASA group to provide significant additional revenue to Xiotech."
About Xiotech Xiotech is a leading provider of data storage and data protection products and services to midsized organizations. Xiotech's easy-to-use, reliable and adaptable data storage and data protection solutions minimize risk, maximize value and provide organizations with a low total cost of ownership. Xiotech's Magnitude® line of midrange storage solutions includes scalable and easy-to-use Fibre Channel and iSCSI-based storage area network (SAN) systems and a comprehensive set of data protection solutions. Xiotech is based in Eden Prairie, Minn., and maintains major facilities in Norwich, Ct.; Vancouver, Wash.; and Hyderabad, India. For more information, visit http://www.xiotech.com/, email info@xiotech.com or call toll free 1.866.472.6764.
Source: Xiotech Corporation
CONTACT: Kira Jorvig of Weber Shandwick, +1-952-346-6317, kjorvig@webershandwick.com, for Xiotech Corporation
Web site: http://www.xiotech.com/
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