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Quick takes: Cashing in

BakBone bags some bucks

Storage management software maker BakBone Software Inc., San Diego, Calif., has completed a round of financing for three million shares. The total value amounts to CDN$15 million, all of it raised from management and existing investors. BakBone said the proceeds will be applied towards, but not limited to, the expansion of its sales and marketing operations, debt reduction and general working capital. Harry Brayne, a director with BakBone and former managing director of NetVault Ltd., acquired by BakBone in March of 2000, will become managing director for the Company while the Company searches for a president and chief operating officer to succeed Jack Corrao.

BakBone Software Inc.

Start-up banks $26 million

Maxxan Systems Inc., San Jose, Calif., a new company developing networking infrastructure technologies for the enterprise storage industry, announced that it has received $26 million in first round venture funding. Venrock Associates and U.S. Venture Partners jointly lead the round of financing. The company will use the investment to accelerate product development activities and staffing at its facilities in San Jose and Houston, Texas.

Maxxan Systems Inc.

Accessing remote storage

Storage service provider Storage Access Technologies Inc., Boca Raton, Fla., has unveiled a family of remote enterprise class data protection services. The services allow users to backup data from a direct connection, a remote direct connection or an Internet connection. All data is stored and managed at one of the company's Storage Network Access Points.

Storage Access Technologies Inc.

QLogic takes new approach to ports

QLogic Corp., Aliso Viejo, Calif., is doing something different. The company as begun integrating Fibre Channel ports directly into servers and workstations at the motherboard level, without the overhead of host bus adapters that require PCI expansion slots. Sun Microsystems is also taking this approach by integrating the QLogic ISP2200 Fibre Channel controller chip into its 900MHz Sun Blade 1000 workstation. QLogic storage area network (SAN) connectivity products control the flow of data between storage systems, tape libraries and network servers. QLogic's ISP architecture controller chips move data at rates of up to 2G-bits/sec to hundreds of storage devices across distances up to 20 kilometers.

QLogic Corp.

Sun Microsystems Inc.

Compaq ships SDLT

Milpitas, Calif.-based Quantum Corp.'s, DLT & Storage Systems Group announced that Compaq Computer Corp. began shipping its first storage automation product based on Quantum's Super DLTtape technology. The Compaq StorageWorks MSL 5026SL library features 2.86T bytes of storage into a 5U high rack-mount unit. The Compaq library is configured with one or two Super DLTtape drives, and 26 media slots. Up to seven Compaq MSL 5026SL units can be combined in a single rack mount cabinet, making it possible to scale the system up to 20.02T bytes capacity.

Quantum Corp.

Compaq Computer Corp.

Got news? E-mail Kevin Komiega, assistant news editor

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