Chaparral Completes Acquisition of Adaptec's External Storage Systems Division; Combined Storage Products Offer a Comprehensive Line of Storage Area Network Solutions.LONGMONT, Colo.--(BUSINESS WIRE)--Dec. 14, 1998--Chaparral Technologies, a leading provider of storage networking solutions, today announced it has completed the acquisition of Adaptec's External Storage Systems Division in exchange for a minority equity position in Chaparral. As a result of the acquisition, Chaparral will receive certain technologies and assets for the development of External RAID Controllers, adding to its existing line of Enabler(tm) Storage Routers. "We are very pleased about the completed agreement and the opportunities it brings to Chaparral and our customers," commented Gary Allison, Chairman 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. . "This acquisition is in concert with our long-term plan to provide storage networking solutions for departmental and enterprise applications." "The combined company will offer a comprehensive line of compatible solutions to address the growing needs of today's network administrators and the emergence of Storage Area Networks (SANs)," stated Mike Gluck, President and COO. "As companies continue to demand high performance, cost-effective, scalable solutions, our products will provide superior solutions in performance, reliability and cost." "The continued relationship with Adaptec will enable Chaparral to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. developed resources and technologies to ensure leading-edge products and solutions for the growing demands of the industry. Adaptec is excited about this relationship and the future possibilities for network storage," commented Tom Marmen, Adaptec Vice President and General Manager. About the Products Chaparral's family of external RAID controllers is designed for industry-leading performance and complete data protection for departmental and enterprise storage markets. The product family includes SCSI SCSI in full Small Computer System Interface Once common standard for connecting peripheral devices (disks, modems, printers, etc.) to small and medium-sized computers. SCSI has given way to faster standards, such as Firewire and USB. and Fibre Channel offerings, all with advanced configuration and management interfaces, as well as high-availability features such as automated fail-over, parity-protected memory and hot-swappable components. Chaparral's Intelligent Storage Routers are focused on the mid-range to high-end NT and 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). markets. The products incorporate Fibre Channel and SCSI technologies to build clustering, remote vaulting, data migration and enterprise backup applications. The Chaparral family of products meets users' needs for high performance and fault tolerance See fault tolerant. (architecture) fault tolerance - 1. The ability of a system or component to continue normal operation despite the presence of hardware or software faults. This often involves some degree of redundancy. 2. and enables seamless connectivity across disk, tape and optical systems. Chaparral recently announced plans to integrate Intelliguard's Celestra(tm) Power agent into Chaparral's Enabler family of intelligent storage routers to deliver the ultimate in high-speed backup solutions over Fibre Channel. About Chaparral Technologies Chaparral Technologies, Inc. headquartered in Longmont, Colo., provides leading storage networking solutions to 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 and distribution customers. Chaparral is privately held and has a continuing relationship with Adaptec, including equity participation. Additional information about Chaparral and its products can be found at http://www.chaparraltec.com. About Adaptec Adaptec provides bandwidth management Controlling the traffic flow in a network. See bandwidth manager. technologies for organizations building the global information infrastructure. Its high-performance I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output , connectivity, and network products are incorporated into the systems and products of major computer and peripheral manufacturers. Founded in 1981 and headquartered in Milpitas, Calif., Adaptec (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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 ) employs people worldwide in design, manufacturing, sales, service and distribution. Adaptec's home page is http://www.adaptec.com. |
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