Driveway to Reposition as Technology Platform Provider.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Feb. 20, 2001 Driveway Corporation, a leading provider of online file management solutions, announced today that the Company has repositioned itself as a technology platform provider. This move will sharpen sharp·en tr. & intr.v. sharp·ened, sharp·en·ing, sharp·ens To make or become sharp or sharper. sharp the Company's focus on strengths which have been at the heart of its success -- developing and supporting their enhanced storage application for service providers, telcos and extranet applications. Operations for the Company which support the Private Label Storage (PLS See playlist. ) service and Driveway's free consumer storage service will be phased out. The resulting restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). included lay-offs of employees associated with the former business model. This new organization has two charters: -- To continue to evolve the Driveway Storage Platform (TM) and expand the scope of storage-related Internet applications. -- To develop a suite of tools to empower enterprise-level information management for service providers and infrastructure partners. About Driveway Headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Driveway Corporation is a leading provider of Internet-based storage infrastructure software for service provides and enterprise customers. Driveway is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. whose investors include Generation Partners, Chase Capital Partners, RS Investment Management, Sandler Sandler is the surname of:
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