Riverbed strikes it rich in first day of trading

Riverbed, in the first storage-sector IPO in years, came out at a higher price than expected, and its shares soared in the first day of trading.

This Content Component encountered an error
Weekly compilation of storage news:

Riverbed releases first shares
Riverbed Technology Inc. announced an initial public offering of 8.7 million shares of its common stock at a price of $9.75 per share, a higher price than the predicted $7. Riverbed's common stock, listed on the NASDAQ Global Market under the symbol "RVBD," closed at $15.30 Thursday, for a total increase of $5.55, or 57% from the opening price. Riverbed is the first storage company to go public in more than two years, but it may be the first in a new "graduating class" of private companies expected to file initial public offerings (IPO) in the coming months, according to analysts. (See Storage IPOs bode well for competition).

CommVault Systems Inc. announced the pricing of its IPO Friday at $14.50 per share. The company is expected to go public any day now.

IBM launches mainframe tape virtualization
IBM announced the IBM System Storage TS7700 Virtualization Engine, a mainframe virtual-tape offering that includes grid connectivity and automated replication. With the introduction of global awareness functionality, data can reside on TS7700s at different sites, and each TS7700 is able to track where the data is located and access it. The TS7700 Virtualization Engine will be available on Sept. 29, 2006, with a starting list price of $493,080.

This week's news

EMC introduces data classification for files


HP low-end appliance starts at $5K

Users cautious in deploying CDP

EMC buys NearTek VTL assets

Storage World discussions paint dark picture for SRM
Iron Mountain fights state fair suit
The State Fair of Texas has filed suit against Iron Mountain Inc., alleging that the company and its employees participated in a scheme to steal and resell thousands of State Fair coupons that the company was contractually obligated to destroy. The coupons are used as currency at the Dallas State Fair, which is the largest in the country. Patrons of the fair are permitted to bring back unused coupons the next year; the State Fair sensed a problem when more than $1 million in unused coupons turned up at last year's event. The State Fair is alleging that Iron Mountain employees stole and resold the coupons from an Iron Mountain shredding facility to unauthorized resellers, including a McDonald's restaurant and a Deluxe Inn motel.

In an email to SearchStorage.com, Iron Mountain public relations manager Laura Sudnik wrote that investigations in 2005 by the Dallas police, depositions of Iron Mountain employees by the State Fair's attorneys, and its own internal investigations found no evidence to support the suit. "We believe this lawsuit is totally without merit and a thinly veiled attempt either to pressure Iron Mountain into offsetting State Fair losses that have nothing to do with our contract or publicize a warning to people that they should not use illicitly acquired tickets," Sudnik wrote.

Zetera ships 100,000 Z-SAN units
Zetera Corp. announced that more than 100,000 storage area network (SAN) devices based on Zetera's Z-SAN Storage-over-IP (SoIP) technology have shipped worldwide since their debut in September 2005. The product, originally released to the consumer market, has also found a 1 petabyte (PB) implementation at MIT.

Tech service provider picks EqualLogic, Asigra
EqualLogic Inc. announced it has achieved certification of interoperability with Asigra Televaulting backup and recovery software for remote and branch offices; the two have announced a joint customer, Jelecos Systems Inc. Jelecos is a technology service provider headquartered in Omaha, Neb., focused on managed hosting, custom Web application development, business intelligence and information lifecycle management (ILM) services. The company is protecting more than eight terabytes (TB) of client data with the joint product and predicts that amount will increase to 12 TB by the end of this year.

Asigra Televaulting for Enterprises is currently available with prices starting at US$11,250. EqualLogic's PS Series family of storage arrays starts at a U.S. list price of $24,900.

Insurance firm selects Mimosa
Mimosa Systems Inc. announced that Peachtree Special Risk Brokers LLC, a specialty insurance company that markets insurance for high-risk commercial properties, has chosen the Mimosa NearPoint email archiving product. Peachtree is also using the NearPoint Disaster Recovery Option, which includes automated failover and application-aware replication based on Exchange log files.

Copan moves into secondary storage
Copan Systems, maker of the Revolution 200 massive array of idle disks (MAID) virtual tape library (VTL), has launched a partner program that includes Index Engines, Sun, Symantec, FalconStor and Seagate, in a bid to make its MAID arrays into secondary storage for customers. Copan's arrays power SATA disks on and off, reducing power consumption and heat, which allows them to pack up to 44 TB into a 1-sq. ft. footprint.

Onaro releases API, announces partners
Onaro Inc. announced the availability of Service Connect, a Web services application program interface (API), that enables independent software vendors (ISV), application providers and internal development teams to access data in its SANscreen change management product. So far, Hitachi Data Systems Inc. (HDS) and Cisco Systems Inc. have signed on to use the API, according to Onaro. HDS will use Onaro data in its HiCommand software; there was no word on Cisco's plans for it.

Double-Take adds SQL support
Double-Take Software Inc. released Double-Take Application Manager 4.1, which includes SQL Server support, support for Exchange Servers running on Microsoft Clusters and features target data verification testing.

NTP Software adds NAS support
NTP Software has extended its Smart ILM software line to include network attached storage (NAS) platforms from IBM, Microsoft and Network Appliance Inc. (NetApp). The software allows users to manage data according to custom policies.

FilesX adds true-CDP
FilesX Inc. announced Xpress Restore 3.0, which adds true-continuous data protection (CDP) to its CDP On-Demand software. FilesX Xpress Restore offers recovery of application content, files, volumes and overall systems from a single snapshot.

StoneFly introduces SAS-based IP SAN
StoneFly Inc. announced it has certified, and will begin offering, 10,000 rpm and 15,000 rpm serial-attached SCSI (SAS) drives for use with its IP SANs. SAS support will be available first in StoneFly's Modular Storage Concentrator (MSC) product line and will roll out to the full Stonefly product line in the fourth quarter. The ValueSAN, StoneFly's entry-level MSC IP SAN, will be available in SAS configurations this fall.

Dig deeper on Storage vendors

Pro+

Features

Enjoy the benefits of Pro+ membership, learn more and join.

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

SearchSolidStateStorage

SearchVirtualStorage

SearchCloudStorage

SearchDisasterRecovery

SearchDataBackup

Close