ADIC Invests in Network Integrity; Joins Leading Venture Capital Firms Investing in Innovative Data Protection Software Developer.REDMOND, Wash.--(BUSINESS WIRE)--Jan. 5, 1999--Advanced Digital Information Corporation (Nasdaq:ADIC) announced today that it has taken a minority investment position in Network Integrity, a Marlborough, Massachusetts-based developer of specialized data protection software products. ADIC joins Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the , Brinson Partners, JAFCO America Ventures, Kleiner Perkins Caufield & Byers, Matrix Partners, and New Enterprise Associates, all of whom are repeat investors in this round of financing. "This investment represents a continuation of ADIC's polpecially promising in that it provides continuous information protection for PC-LAN PC-LAN Personal Computer Local Area Network networks through real-time, on-line data replication on automated tape libraries. We believe this approach will fill an important need for network applications that require high levels of data protection in a continuous computing About ADIC: Headquartered in Redmond, Washington Redmond is a city in King County, Washington, USA. It is situated on the eastern edge of the Seattle urban area, in what is known as the Eastside. In 2003 the Census Bureau estimated the city population was 46,391. , Advanced Digital Information Corporation (ADIC) has been providing data storage solutions since its founding in 1983. With an installed base of more than 35,000 libraries and the broadest product line in the industry, ADIC is the leading drive-independent supplier of automated tape libraries used to store and protect information in computer networks. Marketed under ADIC, ADIC/GRAU and EMASS 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 and Unisys, these storage devices are available with DLT (Digital Linear Tape) A magnetic tape technology originally developed by Digital for its VAX line. The technology was later sold to Quantum, which makes it available to other manufacturers. DLT uses half-inch, single-hub cartridges similar to IBM's 3480/3490/3590 line. (TM), D2, half-inch, AIT, 4mm and 8mm tape technologies, and are ss own storage management tools include AMASS(R) markets Fibre Channel routers for use in Storage Area Networks and tape libraries with direct Fibre Channel connectivity. Further product information is available via the Internet at http://www.emass.com and http://www.adic.com. ADIC, FastStor, Scalar and EMASS are trademarks of Advanced Digital Information Corporation. DLT is a trademark of Quantum Corporation. All other product or company names should be considered the property of their owners. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion