Storage Technology Corporation

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
ORACLE Corporation (StorageTek)
Computer & Cloud Solutions
Industry Computer hardware, software
Founded 1969
Headquarters Oracle Parkway Redwood Shores, CA 94065
Key people
 Safra A. Catz, CEO Mark Hurd, CEO
Products data storage hardware and software, professional and support services
Revenue $2.2 billion USD (2004)
Number of employees
 ~7000 (2004)
Website http://www.oracle.com/us/products/servers-storage/storage/

Storage Technology Corporation (StorageTek or STK), aka STC until about 1983, is a data storage technology company with a focus on tape backup equipment and software to manage storage systems. New products include data retention systems, which they call information lifecycle management, or ILM. Now Owned by Oracle Corporation and referred to as Oracle StorageTek, StorageTek is headquartered in Redwood Shores, California, United States.

History

In 1969 four former IBM engineers: Jesse Aweida, Juan Rodriguez, Thomas S. Kavanagh, and Zoltan Herger, founded the Storage Technology Corporation, which officially became known as StorageTek in 1983. In the 1970s, StorageTek launched its Disk Products division. After a failed attempt to develop an IBM compatible mainframe, and an optical disk product line, the company filed for Chapter 11 bankruptcy protection in 1984. New management invested in an automated tape library system that 'picked' tapes with a robot arm and stored them in a silo-like contraption in 1987.

StorageTek has acquired Documation (1980), Aspen Peripherals Corporation (1989), Network Systems Corporation (1995), and Storability (2005). On June 2, 2005, Sun Microsystems, Inc. announced it would purchase Storage Technology Corporation ("StorageTek") for US$4.1 billion in cash, or $37.00 per share.[1] On August 31, 2005, the acquisition was completed.

On January 27, 2010, Sun Microsystems, Inc. was acquired by Oracle Corporation for US$7.4 billion, based on an agreement signed on April 20, 2009.[2]

Product history

Storagetek library
Inside view of a Powderhorn library
  • 1970 - StorageTek releases its first product, the 2450/2470 tape drive.
  • 1971 - StorageTek introduces the 3400 tape storage device.
  • 1973 - StorageTek’s disk division is founded.
  • 1974 - StorageTek’s first 3600 tape drive ships.
  • 1975 - StorageTek ships the first 8000 Super Disk and announces the 8350 disk subsystem.
  • 1978 - StorageTek develops a solid-state disk.
  • 1984 - StorageTek develops the first intelligent disk.
  • 1986 - StorageTek develops the first cached disk.
  • 1987 - StorageTek develops tape automation and emerges from Chapter 11.
  • 1994 - StorageTek introduces virtual disk, Iceberg.
  • 1998 - StorageTek introduces Flexline disk arrays.
  • 2001 - StorageTek introduces virtual networking.
  • 2002 - StorageTek introduces BladeStore, a disk array based on ATA disk technology.
  • 2003 - StorageTek introduces the EchoView data protection appliance, a disk-based appliance that eliminates the backup window.
  • 2003 - StorageTek introduces the StreamLine SL8500 modular library system.
  • 2012 - Oracle introduces the Streamline SL150 modular library system.
  • 2013 - Oracle introduces the T10000D 8.5TB/252MBps tape drive

Products

SL3000, SL8500, SL150

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.

http://www.fundinguniverse.com/company-histories/storage-technology-corporation-history/

External links

Retrieved from "https://infogalactic.com/w/index.php?title=Storage_Technology_Corporation&oldid=704461522"