Storage Technology Corporation

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Storage Technology Corporation (StorageTek)
TypeSubsidiary of Oracle Corporation
IndustryComputer hardware, software
Founded1969
Headquarters(formerly) Louisville, Colorado
Key peoplePatrick J. Martin, CEO
Productsdata storage hardware and software, professional and support services
Revenue$2.2 billion USD (2004)
Employees~7000 (2004)
Websitehttp://www.oracle.com/us/products/servers-storage/storage/
 
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Storage Technology Corporation (StorageTek)
TypeSubsidiary of Oracle Corporation
IndustryComputer hardware, software
Founded1969
Headquarters(formerly) Louisville, Colorado
Key peoplePatrick J. Martin, CEO
Productsdata storage hardware and software, professional and support services
Revenue$2.2 billion USD (2004)
Employees~7000 (2004)
Websitehttp://www.oracle.com/us/products/servers-storage/storage/

Storage Technology Corporation (StorageTek or STK), aka STC until about 1983, is a data storage technology company. Current StorageTek products 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. Now a subsidiary of Oracle Corporation and referred to as Oracle StorageTek, StorageTek was headquartered in Louisville, Colorado, United States with manufacturing facilities in Ponce, Puerto Rico.

History[edit]

In 1969 four former IBM engineers: Jesse Awieda, Juan Rodriguez, Thomas S. Kavanagh, and Zoltan Herger, founded the Storage Technology Corporation, which officially became known as StorageTek in 1983. 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 has acquired Documation (1980), Aspen Peripherals Corporation (1989), Network Systems Corporation (1995), and Storability (2005). On June 2, 2005, Sun Microsystems, Inc. announced it would purchase Storage Technology Corporation ("StorageTek") for US$4.1 billion in cash, or $37.00 per share.[1] On August 31, 2005, the acquisition was completed.

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.[2]

Product history[edit]

Products[edit]

References[edit]

  1. ^ "Buying StorageTek: Sun's last big gamble?". CNET News. 2 June 2005. Retrieved 21 June 2011. 
  2. ^ "Oracle Completes Acquisition of Sun". Yahoo. 27 January 2010. Retrieved 27 January 2010. 

External links[edit]