Seagate Removable Storage Solutions Changes Company Name to Certance; Donald L. Waite Elected Chairman and Howard L. Matthews Named President & CEO.Business Editors/High-Tech Writers COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif.--(BUSINESS WIRE)--April 8, 2003 Seagate Removable Storage Solutions (SRSS SRSS Sun Ray Server Software SRSS Square Root of the Sum of the Squares SRSS SQL Reporting Services SRSS Server Resources Server Suite SRSS Sudden-Reality Shock Syndrome (The Onion) SRSS Surface Rescue Swimmer School ) today announced that it has changed its name to Certance. Certance is a market leader in the design, manufacture and marketing of storage products and solutions to the worldwide data protection market, with more than 12 million tape drives installed. "The name Certance delivers on the two key attributes required in a storage solutions partner, certainty and permanence," said Howard Matthews, newly-named as President & 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 Certance. "As a worldwide market leader in tape backup Using magnetic tape for storing duplicate copies of hard disk files. Users can add an internal or external tape drive to their desktop computers for backup purposes, and files are typically copied to the tapes using a backup utility that updates on a periodic schedule. products and data protection solutions, we wanted a name that would not only capture our heritage but reflect our commitment to leadership vision for the future. Certance is a combination of those two attributes." Certance is owned by New SAC, a private corporation created by an investment group led by Silver Lake Partners Silver Lake Partners is a notable American private equity firm founded in 1999 and headquartered on Sand Hill Road in Menlo Park, California. It focuses its activities in the information technology industry. and Texas Pacific Group in connection with the acquisition of the operating assets Operating Assets Another term for working capital. of Seagate Technology, Inc in November 2000. Concurrent with the company name change, Donald L. Waite, President of SRSS and Executive Vice President, Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive of Seagate Technology, was named Chairman of the Board of Certance. Howard L. Matthews becomes President & CEO of Certance from his previous title of Vice President & General Manager for SRSS. "While the Company name is new, business continues as it has with a dedication to providing backup, restore and archive solutions to the worldwide data storage market. We will continue our existing relationship with Seagate as an affiliate. Certance values remain centered on operational excellence, innovation and customer partnership with a focus on our customers' business success in an ever-changing market environment," says Matthews. Certance provides a full array of tape backup products and data recovery solutions including LTO (Linear Tape Open) A family of open magnetic tape standards developed by HP, IBM and Quantum (formerly the Certance subsidiary of Seagate) that are licensed to third-party vendors. LTO cartridges contain a memory that stores historical usage data. Ultrium, DDS/DAT and Travan technologies. For more information on Certance's tape drives, data cartridges and accessories, customers in the U.S. can call Sales Support at 1-800-626-6637 or 1-714-641-2500 or check online at www.certance.com. Certance products are available worldwide through resellers, VARs and authorized distributors. In the United States, the products are available for purchase on the Internet at Certance's online store for tape products at http://shop.Certance.com. About Certance Certance is a worldwide market leader in tape backup products and data protection solutions, with more than 12 million drives installed. Headquartered in Costa Mesa, CA, Certance designs, manufactures and markets an extensive range of products designed to meet the backup, restore and archive needs of virtually every platform from notebooks and PCs to enterprise servers. A Seagate affiliate, Certance can be found around the globe and at www.Certance.com. Note to Editors: Certance and the Certance logo are trademarks of Certance LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Seagate and Seagate Technology are registered trademarks of Seagate Technology LLC. All other trademarks and registered trademarks are owned by their respective owners. Certance reserves the right to change, without notice, product offerings or specifications. |
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