Records management company Iron Mountain Inc. posted a higher fourth-quarter profit, boosted by a 17% increase in revenues. Net income rose to $29.9 million, or 23 cents a share from $28.4 million, or 22 cents a share, a year earlier. The most significant fourth quarter 2004 transaction for Iron Mountain was the acquisition of Framingham, Mass.-based Connected Corporation for approximately $109 million, net of cash. NetApp donates gear to Chinese university
Network Appliance Inc. (NetApp) has donated $3 million worth of its technology to Tsinghua University, China's largest and most prestigious university. The gift of a NetApp unified storage system complete with hardware, software, service and support will be used in the computing department for students, faculty and research staff.
FalconStor, ADTX team up for VTL in Japan
FalconStor Software Inc. announced it is extending its OEM partnership with Japanese company Advanced Technology and Systems Co. Ltd. with the new VT-AN400 Series, a virtual tape library powered by FalconStor's VirtualTape Library software. By using disk to emulate tape libraries, the VT-AN400 Series speeds up the transfers and restores, and reduces the physical media errors of tape, the companies said. The VT-AN400 Series' storage capacity ranges from 3 terabyte (TB) to 14.4 TB.
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ONStor and Nexsan release "one-touch" NAS
ONStor Inc., a provider of NAS gateways, announced a one-touch NAS product that includes the company's Bobcat NAS gateway along with Nexsan Technologies' SATABlade storage. The companies said that the combined product offers a quick way for companies to deploy a scalable NAS infrastructure for less than $30,000 that consolidates storage from multiple file servers to a single storage environment.
DataCore funds channel partners
DataCore Software Corp. introduced the SANvantage $100,000 program under which it will provide a pool of resources, software, training and services valued at $100,000 to help its channel partners sell its products. DataCore is working closely with distributors, including Ingram Micro and Bell Microproducts in the Americas to identify qualified partners.
LSI granted 3,000th patent
LSI Logic Corp. announced that it now cumulatively holds 3,000 patents granted by the United States Patent and Trademark Office. LSI Logic was awarded 378 patents in 2004 and has secured 42 patents in 2005. In a worldwide ranking of 1,800 companies that were granted 10 or more patents by the United States Patent Office in 2004, LSI Logic was ranked No. 50.