Adaptec's Software Business to Gain Autonomy; Focus on Enhancing Digital Content Management.Business Editors, High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers MILPITAS, Calif.--(BUSINESS WIRE)--April 27, 2000 Adaptec, Inc. (Nasdaq:ADPT ADPT Automated Data Processing/Telecommunications ADPT Adaptec Corporation (stock symbol) ADPT Adaptive Prediction ADPT Auger Depth Profiling Technique ADPT Automated Data Processing Telecommunications ADPT Adapter ), the global leader in innovative storage solutions, today announced they have initiated activities with the intent to create a separate entity around the current Software Products Group. This entity will start out with an annual revenue run rate in excess of $120 million and a dedicated focus on digital content management. Virtually all major PC manufacturers, CD-recordable manufacturers, and software retailers comprise the customer base. "I am confident that these activities will increase the focus, autonomy and accountability of our Software Products Group to continue to build its market leading position. By providing customers with the best products, we expect to further penetrate the end user base," said Bob Stephens, president and 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. of Adaptec. "Adaptec's Easy CD Creator Adaptec Easy CD Creator is a CD authoring program bundled with many early CD writers. It was part of a suite often just known as Adaptec Easy CD Creator, which consisted of:
For example, Easy CD Creator is the number one best selling CD-recording software product for creating music, photo, video and data CDs. The separate entity will continue to concentrate on the high growth CD-recording and data protection software market, as evidenced by the recent acquisition of Wildfile and its GoBack data protection software. GoBack, the premiere desktop protection software, has won multiple awards. PC users can effortlessly ef·fort·less adj. Calling for, requiring, or showing little or no effort. See Synonyms at easy. ef  fort·less·ly adv. undo To restore the last editing operation that has taken place. For example, if a segment of text has been deleted or changed, performing an undo will restore the original text. Programs may have several levels of undo, including being able to reconstruct the original data for all edits a multitude of problems arising from system crashes, failed software installations, and user error. This software literally lets you "go back" in time to when everything was working fine. In the interim, their expanded autonomy is expected to strengthen their current product offerings, further identify and aggressively pursue complementary and new markets, and strengthen and build a culture conducive con·du·cive adj. Tending to cause or bring about; contributive: working conditions not conducive to productivity. See Synonyms at favorable. to the retention and attraction of talented software employees. Internal reporting relationships and relationships with sales channels will not be affected by this announcement. About Adaptec Adaptec (Nasdaq:ADPT) is the global leader in innovative storage solutions. Adaptec's hardware and software solutions for eBusiness and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the applications move, manage, and protect critical data and digital content so people can do business and enjoy their lives more richly. Adaptec's direct-attached server storage, network storage solutions and desktop solutions for digital content are found in high-performance networks, servers, workstations and desktops from the world's leading manufacturers, and are sold through distribution channels to ISPs, enterprises, medium and small businesses and consumers. Adaptec is an S&P 500 and a NASDAQ 100 member. More information is available at http://www.adaptec.com. |
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