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Cisco Systems Inc announced it will acquire FineGround Networks Inc. for approximately $70 million in cash and options. FineGround makes network appliances that accelerate, secure and monitor Web-based applications by minimizing bandwidth usage. The startup's application-optimization techniques also decrease latency and server off-load across the network. The product also incorporates application firewall functions. FineGround's technology is somewhat similar to Actona Technology Inc.'s in the wide-area file services space, a company Cisco acquired a year ago. Actona is focused specifically on reducing the latency associated with sending CIFS and NFS files over WANs. FineGround will become part of Cisco's security technology group.
Adaptec CEO retires
Adaptec Inc. announced that its president and CEO, Robert N. Stephens, has retired from the company and the board of directors, effective immediately. Adaptec board member D. Scott Mercer has been named interim CEO while S. "Sundi" Sundaresh, the company's new executive vice president of marketing and product development, has been promoted to president.
Xyratex acquires Oliver Design
Xyratex Ltd, provider of storage subsystems and storage process technology, announced that it has acquired Oliver Design, a privately held developer and manufacturer of disk drive media cleaning technology for $17.2 million in cash.
FalconStor adds continuous disk backup to VTL
FalconStor Software Inc has added support for continuous disk-based backup to its virtual tape library (VTL) product, making it a unified disk and tape backup system. FalconStor's VTL will now offer continuous or scheduled data replication, user initiated backup and file/system recovery, as well as support for remote boot via an iSCSI host bus adapter or a preboot execution environment.