Storage Technology Corporation

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StorageTek
(Storage Technology Corporation)
Public
Traded asNYSE: STK
IndustryComputer hardware, software
FateAcquired by Sun Microsystems
(Now part of Oracle Corporation)
Founded1969; 50 years ago (1969)
FoundersJesse Aweida, Juan Rodriguez, Thomas S. Kavanagh, Zoltan Herger
DefunctAugust 2005 (2005-08)
HeadquartersLouisville, Colorado
ProductsData storage hardware and software, professional and support services
Revenue$2.2 billion USD (2004)
Number of employees
~7,000 (2004)
Websitewww.oracle.com/us/products/servers-storage/storage/

Storage Technology Corporation (StorageTek or STK, earlier STC) was a data storage technology company headquartered in Louisville, Colorado.[1]

Now a part of Oracle Corporation, its product line is marketed as Oracle StorageTek, with a focus on tape backup equipment and software to manage storage systems. New products include data retention systems, which it calls "information lifecycle management" (ILM).

History[edit]

In 1969 four former IBM engineers—Jesse Aweida, Juan Rodriguez, Thomas S. Kavanagh, and Zoltan Herger—founded the Storage Technology Corporation. The headquarters was in Louisville, Boulder County, Colorado.

In the 1970s, StorageTek launched its Disk Products division. After a failed attempt to develop an IBM-compatible mainframe, and an optical disk product line, the company filed for Chapter 11 bankruptcy protection in 1984. Starting in 1987, new management invested in an automated tape library product line that "picked" tapes from a silo-like contraption with a robot arm. StorageTek emerged as a dominant player in that market.[2]

StorageTek acquired Documation (1980), Aspen Peripherals Corporation (1989), Network Systems Corporation (1995), and Storability (2005).

Storage Technology Corporation was officially renamed "StorageTek" in 1983.

Sun Microsystems[edit]

Logo for Sun StorageTek products used prior to Oracle acquisition

In June 2005, Sun Microsystems, Inc. announced it would purchase StorageTek for US$4.1 billion in cash, or $37.00 per share.[3] In August 2005, the acquisition was completed.

Oracle[edit]

On January 27, 2010, Sun was acquired by Oracle Corporation for US$7.4 billion.[4] The StorageTek product line was renamed "Oracle StorageTek".

Products[edit]

Product timeline[edit]

Storagetek library
Inside view of a Powderhorn library
  • 1970 - StorageTek releases its first product, the 2450/2470 tape drive.
  • 1971 - StorageTek introduces the 3400 tape storage device.
  • 1973 - StorageTek's disk division is founded.
  • 1974 - StorageTek's first 3600 tape drive ships.
  • 1975 - StorageTek ships the first 8000 Super Disk and announces the 8350 disk subsystem.
  • 1978 - StorageTek develops a solid-state disk.
  • 1984 - StorageTek develops the first intelligent disk.
  • 1986 - StorageTek develops the first cached disk.
  • 1987 - StorageTek develops tape automation and emerges from Chapter 11.
  • 1994 - StorageTek introduces virtual disk, Iceberg.
  • 1998 - StorageTek introduces Flexline disk arrays.
  • 2001 - StorageTek introduces virtual networking.
  • 2002 - StorageTek introduces BladeStore, a disk array based on ATA disk technology.
  • 2003 - StorageTek introduces the EchoView data protection appliance, a disk-based appliance that eliminates the backup window.
  • 2003 - StorageTek introduces the StreamLine SL8500 modular library system.
  • 2012 - Oracle introduces the Streamline SL150 modular library system.
  • 2013 - Oracle introduces the T10000D 8.5TB/252Mbit/s tape drive

References[edit]

  1. ^ Fundinguniverse.com: History of Storage Technology Corporation
  2. ^ Drew Robb (2005-12-29). "Tape Libraries Keep Stocking Shelves". Enterprise Storage. eWeek. Retrieved 2019-07-19. In terms of revenue market share, Freeman Reports places StorageTek, which is now owned by Sun, in the lead with 38 percent.
  3. ^ "Buying StorageTek: Sun's last big gamble?". CNET News. 2 June 2005. Retrieved 21 June 2011.
  4. ^ "Oracle Completes Acquisition of Sun Microsystems". Associated Press. 27 January 2010. Retrieved 2019-07-19.

External links[edit]