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Quick Takes: The business end of things

StorageWay gets new chief

StorageWay, Inc., a managed storage service utility provider, announced that former senior executive of Lucent Technologies spin-off Avaya, J. Kim Fennell has been appointed the company's president and CEO. Fennell has also joined Fremont, Calif.-based StorageWay's board of directors. Peter Shambora, StorageWay co-founder and current president and CEO, will become chairman. At Lucent and Avaya, Fennell served as vice president, enterprise communications applications and had global responsibility for a $2 billion business unit focused on technology solutions that included customer relationship management (CRM), Internet protocol (IP) applications, and the messaging business.

StorageWay, Inc.

TrueSAN names new VP, expands engineering organization

Storage networking specialist TrueSAN Networks, Inc., is beefing up its ranks with the appointment of a new vice president and the addition of several new engineering positions within the company. San Jose, Calif.-headquartered TrueSAN named Jon Auriemma vice president of Operations and Services Organizations. Prior to joining the company, Auriemma held senior positions at Western Digital, Seagate and Shugart where his organization's primary emphasis always related to quality, reliability, customer engineering and service. TrueSAN also announced the addition of key engineering individuals to its expanding engineering organization. Ronald L. Parks joins TrueSAN as Director of Software Architecture and Pak-Shun Lei joins TrueSAN as Director of Software Engineering. Parks touts a background in RAID and RAID management with 15 years as a software architect and 10 years in team management under his belt. Lei was engineering manager/system architect in the mass storage group at NEC for seven years.

TrueSAN Networks, Inc.

StorageApps revamps senior management

StorageApps, Inc., Bridgewater, N.J., recently made several executive appointments to its management team. David Dill has been named executive vice president and chief financial officer, Peter Krey as vice president of business development and strategic partnering, and Sam Schwerin as vice president of finance and strategic initiatives. Dill is a 25 year veteran and held positions at Commerx, Inc. and WorldGate Communications, Inc., while Krey worked at Morgan Stanley Dean Witter, JP Morgan, and Bankers Trust, and Schwerin was focused on mergers and acquisitions and principal investments at The Blackstone Group. StorageApps makes appliances and applications enable customers to connect any type of storage device with any servers over any connection type.

StorageApps, Inc.

CNT names new VPs

Minneapolis, Minn.-based CNT Corp. is promoting from within. Gary Johnson and Jim Morin have nabbed two newly-created VP positions, Morin, vice president of strategic planning, and Johnson, vice president of storage networking services, will play key roles in expanding the company's SAN Services offerings and its partnership efforts, both of which the company considers cornerstones to its growth in the competitive storage networking industry. Johnson conceived and founded the company's new organization providing Storage Area Network (SAN) Services. Morin will continue to lead the company's market planning and strategic direction. Morin was most recently senior director of corporate planning and market development.

CNT Corp.

What's in a name?

Hitachi Data Systems Solutions announced it will change its name to Hitachi Innovative Solutions (HIS), effective immediately. The company, a wholly owned subsidiary of Hitachi, Ltd., focuses on mid-tier commercial and public sector clients. The initiative to change the corporate name was led by Hitachi Innovative Solutions' Business Development team. A new corporate logo and signage are said to be on the way.

Hitachi Innovative Solutions

Jawz is in Florida

Toronto, Canada-based Jawz, Inc., is set to open a new regional head office in Orlando, Fla., as part of the company's strategic plan to expand into the Southeastern, U.S. Citing the Orlando region's status as a fast growing high-tech center, Jawz said that the company's recent alliance with Verizon, Inc., made Orlando a natural choice for its expansion into the U.S. Jawz' products and services line includes security software products, consulting services and secure Internet and remote data storage services.

Jawz, Inc.

NSI joins the SNIA

In a move it called "the next logical step" NSI Software Corp. has joined the not-for-profit Storage Networking Industry Association (SNIA). NSI said that its membership in the SNIA signals the company�s intent to move its line of data protection products into a broader market. The SNIA is an industry forum of developers, integrators and IT professionals who evolve and promote storage networking technology and solutions. The organization develops standards, specifications and infrastructures for networked storage systems, including Network Attached Storage, Storage Area Networks (SANs) and SAN-attached storage.

NSI Software Corp.

Storage Networking Industry Association

OTG goes public

OTG Software, Inc., announced the issuance of 1,650,000 shares of its common stock and 1,650,000 shares sold by certain stockholders of OTG at a price of $21.50 per share through Credit Suisse First Boston Corporation, Deutsche Bank Securities Inc., Salomon Smith Barney Inc. and Friedman, Billings, Ramsey & Co., Inc. Headquartered in Bethesda, MD, OTG Software is a provider of online storage management and access solutions.

OTG Software, Inc.

Maxoptix closes round two, bags $18 million

Optical storage developer Maxoptix Corp. has completed a second round of funding, totaling more than $18 million. This latest round brings the total of secured funding for the company up to $30 million. The company said the new investments will be used to complete the final development phase of OSD technology, which is scheduled for first customer shipments in the third quarter of 2001. The lead investors for this round of funding include Smart Technology Ventures III SBIC with $4 million, Hunt Ventures L.P with nearly $1 million, Vahit Yazici with $2.6 million, H.T. Ardinger Jr. with $7 million, and Lafe Holdings Limited with $2 million. Maxoptix, Fremont, Calif., currently ships optical drives, libraries and media for data center and networked computing environments.

Maxoptix Corp.

Let us know what you think about the story, e-mail Kevin Komiega, assistant news editor

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