ADIC Announces New CFO; PricewaterhouseCoopers Partner Joins Storage Leader.REDMOND, Wash.--(BUSINESS WIRE)--Nov. 23, 1999-- Advanced Digital Information Corporation (Nasdaq:ADIC) today announced that Jon Gacek has joined the company as Chief Financial Officer, a new position for the company. Most recently a technology audit partner with PricewaterhouseCoopers, Gacek served as the leader of that company's Seattle Technology Practice, where his clients included Micron Technology Micron Technology ("Micron") NYSE: MU is a multinational company based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, and CMOS image sensing chips. , Vixel, F5 Networks, N2H2, and Freeshop.com. While at Price Waterhouse, Gacek also assisted Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. , a specialist in mergers, acquisitions, and leveraged buyouts leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , with a number of transactions. "Jon's addition is a key step in ADIC's progress toward becoming one of the premier global providers of storage solutions," commented Peter van Oppen, ADIC CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "As we continue to grow, raise new capital, expand our business, and reach out to strategic partners, we need someone with far-reaching experience in helping technology companies sustain high growth and profitability as they evolve their business models. Jon's tenure at Price Waterhouse, his transaction experience with Bain Capital as a client and his long-term familiarity with ADIC bring us the background we need to help sustain our strong momentum." "I am excited about joining ADIC, which has proven itself to be one of the most innovative and successful companies in the storage industry," commented Gacek. "Not only has it grown its traditional business, but it has augmented its library product line, expanded its service infrastructure, and added innovative software technology through recent acquisitions. It has pursued a strategic investment program that has been profitable and enriched its products. And it has successfully raised capital to help fund its next stages of growth. I look forward to becoming an active part of the Company's future." About ADIC With more than 50,000 automated tape libraries installed and a suite of innovative software solutions and Storage Area Networking (SAN) products, ADIC is a leading global provider in the growing market to manage and protect information for computer networks. Marketed under ADIC and ADIC/GRAU brands and the brands of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners, including Dell, Exabyte and Unisys, automated tape libraries are available with DLTtape, AIT, D2, half-inch, and 4mm tape technologies, and are supported by leading backup and storage management software products for Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. , UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , and mainframe operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . The Company's own storage management tools include AMASS (Archive Management And Storage System) Tape management software for Unix from Quantum Corporation, Colorado Springs, CO (www.quantum.com). Originally developed by ADIC, AMASS makes the tape library look like an infinite disk drive to the application. (R), FileServ and CentraVision, software products which provide users with shared access to network data. A pioneer in Storage Area Networks, ADIC's Open SAN solutions combine open-system SAN hardware and software with installation services and single-call support. Further product information is available via the Internet at www.adic.com. ADIC, AMASS, FileServ, and CentraVision and are trademarks of Advanced Digital Information Corporation. All other product, trademark, company, or service names mentioned herein are the property of their respective owners. |
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