By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Canadian storage encryption and key management maker, Kasten Chase Applied Research Ltd., announced that it is ceasing operations. The company has been engaged in discussions with a number of parties over many months in an effort to rectify its financial situation and improve its long-term business prospects. In particular, it was seeking a buyer or a reseller arrangement with an established storage vendor supported by a significant product commitment for its mainframe tape encryption and key management solution.
The board and management have now concluded it is unlikely any such transaction beneficial to the company or its stakeholders could be completed on a timely or profitable basis. The assets of the company will be assigned to a trustee in bankruptcy for the benefit of its creditors. Such assignment is expected to be executed later today at which time each of the directors of the company will resign.
Dell resells McData's WAFS product
Dell Inc. will resell McData Corp.'s WDS Accelerator, a WAFS and WAN accelerator product that McData OEMs from Riverbed Technology. The WDS Accelerator makes it possible for users to experience LAN-like application performance for data access over the WAN.
DoubleTake acquires reseller partner Sunbelt
In a move to increase its global presence, Double-Take Software announced the acquisition of its strategic partner, Sunbelt System Software, headquartered in Paris with offices in the U.K., Germany, Sweden and Belgium. Sunbelt and Double-Take started their partnership in July 1998. Since then, Sunbelt has grown its business selling and supporting Double-Take products.
Adaptec adds SAS controllers
Adaptec Inc. announced two additions to its HostRAID controller family based on the SAS standard -- the Adaptec SAS 44300 and Adaptec SAS 58300. With integrated software-based data protection, mini-SAS connectors, and a low-profile form factor, the Adaptec SAS 44300 and 58300 are entry-level products for customers seeking data storage for applications such as video, database or email. HostRAID provides RAID data protection through software and includes RAID levels 1, 0 and 10 that leverage data mirroring and striping to achieve a variety of performance and fault tolerant data protection options.