BETA Systems Software Launches Tantia Technologies; Delivers Enterprise SAN Expertise to North America.[I SUBJECT: INTL/SEATTLE/BETA SYSTEMS(1063981) TO: daytrak@bizwire.com daytrak@virtualpressoffice.com ]]]]] Business Editors, High-Tech Writers BOULDER, Colo.--(BUSINESS WIRE)--April 11, 2000 Following the Feb. 7 announcement of its US-based storage management subsidiary, BETA Systems Software AG, a leading provider of innovative storage backup and recovery solutions, today launched Tantia Technologies as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Tantia Technologies provides complete, integrated solutions to automate distributed storage Storing data in multiple computers or in computers that are geographically dispersed. This was an early term for storage that evolved into SANs and storage virtualization. See SAN and storage virtualization. backup and recovery solutions for enterprise data centers. The company is headquartered in Boulder and maintains a development center in Calgary, Alberta. Victor Walker leads the new company as 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. . "Our new name and location reflect the scope of our business and future direction," commented Victor Walker, president & CEO of Tantia Technologies, Inc. "I'm thrilled to be part of such an accomplished team of professionals at such an exciting time in the company's history. As one of the first players in the Storage Area Network market, Tantia is clearly poised to take advantage of the next stage of growth in the enterprise-class, intelligent SAN and web storage markets. We're having great success with ASPs and ISPs using our software and will continue to focus on this market sector." With its state-of-the-art technology and 10 years of experience with mainframe disciplines, standards, and storage management techniques, Tantia provides enterprise class backup and recovery solutions to Fortune 500 companies across the globe. "We were the world's first true SAN implementation," continued Walker, "and are still one of the largest companies to incorporate OS/390 technology with open-systems, sharing data between all strategic platforms. Storing data in tried, tested, and proven OS/390 repositories is an efficient solution that allows clients to leverage available mainframe resources with open-systems." About the Tantia Technologies Management Team Victor Walker, CEO, brings over 17 years of storage management experience to Tantia. Previously, he was vice president and general manager of Groupe Bull's Storage Server Business Unit. During his tenure, he consolidated and focused the storage businesses of four different server business units. Prior to Groupe Bull Groupe Bull (also known as Bull Computer or simply Bull) is a French computer company based in Les Clayes-sous-Bois, outside Paris. The company has also been known at various times as Bull General Electric, Honeywell Bull, CII Honeywell Bull , Walker held progressively responsible general, and executive, management positions with Storage Technology Corporation. Walker holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Mechanical Engineering from Colorado State University Colorado State University, at Fort Collins; land-grant with state and federal support; chartered 1870, opened 1879 as an agricultural college, assumed present name in 1957. There is a veterinary teaching hospital, an agricultural campus, and a research campus. and has attended executive courses at MIT MIT - Massachusetts Institute of Technology . He sits on the Board of Directors of several companies and also serves on the Dean's advisory board for Colorado State University's College of Business and Engineering. Reporting to Walker is a seasoned executive team which includes Sam Edison, CFO See Chief Financial Officer. and senior vice president of finance and administration, Richard Ferguson Richard "Galloping Dick" Ferguson (d. 1800) was an English highwayman who, with partner Jerry Abershawe, raided the area around London during the late 18th century. Early life , vice president of development, and Larry Walsh, vice president of sales. About Tantia Technologies Tantia Technologies, a wholly owned subsidiary of BETA Systems Software AG, provides leading-edge enterprise backup and recovery solutions that fully leverage Storage Area Network (SAN) technology. The company is comprised of enterprise SAN experts who bring mainframe technology to the Open Systems market, delivering ultra-high availability, intelligent SAN solutions. Tantia will continue to build and market the storage solutions originally developed by HARBOR Systems, which was acquired by BETA Systems in December 1998. HARBOR Systems was one of the pioneers in the SAN market. Its extensive product line provides completely integrated, enterprise-wide storage-management solutions to heterogeneous IT structures. For more information, call 800/531-7111 or visit the company's Website at http://www.tantiatech.com. About BETA Systems Software BETA Systems Software develops, markets, and supports system management software products for enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. environments including storage management, document management, workload management, and security management. The company's products are designed to enhance the productivity and cost efficiency of enterprise operations through the automation of key functions such as storage optimization and management, production scheduling, production control, document distribution, and security administration. BETA Systems sells its products worldwide, both directly and through channel partners such as Hitachi Data Systems See HDS. and Allan Systems Group (ASG ASG Assign ASG Allen Systems Group (Naples, FL) ASG Abu Sayyaf Group (terrorist group) ASG Associated Student Government ASG Area Support Group ASG Adaptive Services Grid ASG Assistant Secretary General ), to large organizations in financial services, telecommunications, industry, and government. The company has 350 employees worldwide and in 1999 had revenues of DM 89.6 million. BETA's stock is publicly traded on Germany's Neuer Markt ("BSSG BSSG Brigade Service Support Group (USMC) BSSG Bureau Serviços Sistemas Gestão (Brasil) BSSG Banunule School Support Group (UK Registered Charity) "). For more information, visit BETA Systems website at www.betasystems.com. Tantia(TM) is a trademark of Tantia Technologies, Inc. in the United States and other countries. BETA is a trademark of BETA Systems Software AG in the United States and other countries. All brand or product names are or may be trademarks of, and are used to identify, products or services of their respective owners. |
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