Business Services Industry
ADIC Invests in Network Integrity; Joins Leading Venture Capital Firms Investing in Innovative Data Protection Software Developer
Business Wire, Jan 5, 1999
REDMOND, Wash.--(BUSINESS WIRE)--Jan. 5, 1999--Advanced Digital Information Corporation (Nasdaq:ADIC) announced today that it has taken a minority investment position in Network Integrity, a Marlborough, Massachusetts-based developer of specialized data protection software products.
ADIC joins Atlas Venture, Brinson Partners, JAFCO America Ventures, Kleiner Perkins Caufield & Byers, Matrix Partners, and New Enterprise Associates, all of whom are repeat investors in this round of financing.
"This investment represents a continuation of ADIC's polpecially promising in that it provides continuous information protection for PC-LAN networks through real-time, on-line data replication on automated tape libraries. We believe this approach will fill an important need for network applications that require high levels of data protection in a continuous computing environment. We also believe thans to use a wide variety of storage devices, int tolerant data replication software product, Media Mirror, through ADIC's distribution channel. And in August of this year, as part of its purchase of EMASS Systems from Raytheon, ADIC acquired AMASS(R), a software product that allows network clients to share automated storage libraries, using them as network attached virtual storage devices. The ADIC-Network Integrity relationship also includes an agreement which will allow ADIC to resell Network Integrity software products. In addition, ADIC has active partnership programs in place with major storage management software companies, including Computer Associates, Legato, Seagate Software, and Veritas.
About ADIC:
Headquartered in Redmond, Washington, Advanced Digital Information Corporation (ADIC) has been providing data storage solutions since its founding in 1983. With an installed base of more than 35,000 libraries and the broadest product line in the industry, ADIC is the leading drive-independent supplier of automated tape libraries used to store and protect information in computer networks. Marketed under ADIC, ADIC/GRAU and EMASS brands and the brands of OEM partners, including Dell and Unisys, these storage devices are available with DLT(TM), D2, half-inch, AIT, 4mm and 8mm tape technologies, and are ss own storage management tools include AMASS(R) markets Fibre Channel routers for use in Storage Area Networks and tape libraries with direct Fibre Channel connectivity. Further product information is available via the Internet at http://www.emass.com and http://www.adic.com.
ADIC, FastStor, Scalar and EMASS are trademarks of Advanced Digital Information Corporation. DLT is a trademark of Quantum Corporation. All other product or company names should be considered the property of their owners.
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