Storage Technology Corporation

Oracle StorageTek
(Storage Technology Corporation)
Computer & Cloud Solutions
Industry Computer hardware, software
Founded 1969
Headquarters Oracle Parkway,
Redwood Shores, California,
94065
Key people
 Safra A. Catz, CEO;
Mark Hurd, CEO
Products data storage hardware and software, professional and support services
Revenue $2.2 billion USD (2004)
Number of employees
 ~7000 (2004)
Website http://www.oracle.com/us/products/servers-storage/storage/

Storage Technology Corporation (StorageTek or STK; a.k.a. STC until about 1983), is a data storage technology company headquartered in Redwood Shores, San Francisco Bay Area, California.[1]

Now owned by Oracle Corporation, it has been renamed Oracle StorageTek with a focus on tape backup equipment and software to manage storage systems. New products include data retention systems, which they call information lifecycle management, or ILM.

History

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. New management invested in an automated tape library system that 'picked' tapes with a robot arm and stored them in a silo-like contraption in 1987.

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

In June 2005, Sun Microsystems, Inc. announced it would purchase StorageTek for US$4.1 billion in cash, or $37.00 per share.[2] In August 2005, the acquisition was completed.

Oracle

On January 27, 2010, Sun Microsystems, Inc. was acquired by Oracle Corporation for US$7.4 billion, based on an agreement signed on April 20, 2009.[3] It was renamed Oracle StorageTek.

Products

Product timeline

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/252MBps tape drive

References

  1. ↑ Fundinguniverse.com: History of Storage Technology Corporation
  2. ↑ "Buying StorageTek: Sun's last big gamble?". CNET News. 2 June 2005. Retrieved 21 June 2011.
  3. ↑ "Oracle Completes Acquisition of Sun". Yahoo. 27 January 2010. Retrieved 27 January 2010.
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