News

Quantum Buys UK-based M4

Looking to further enhance its storage solution portfolio, Quantum Corp. announced today that it has signed a definitive agreement to acquire M4 Data Ltd., a UK-based company that provides high performance tape automation products for the data storage market.

Through the acquisition, Quantum will leverage M4's product line to enhance the range of storage solutions offered. M4 will continue to focus on developing solutions that incorporate higher cartridge capacities per cubic foot than comparative products.

Under the terms of the agreement, Quantum will acquire all the outstanding stock of M4 Data for approximately $56 million in consideration, including $13.4 million in cash. The acquisition is expected to close by March 31, 2001,

The impending acquisition is the latest step by Quantum to gain a bigger presence in the enterprise storage market. Over the last year, Quantum has partnered with Network Appliances to offer integrated SAN solutions that allow NetApp filers to backup data directly over a network to any available tape drive within a Quantum enterprise-class library. Other recent initiatives include the introduction of Fibre Channel solutions and the development of Internet-based remote management of Quantum tape libraries. – Jim Martin

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • Microsoft Deprecating Windows To Go

    Microsoft plans to put an end to its Windows To Go product in the near future, according to a Friday support article.

  • Microsoft Releases Hyper-V Server 2019 After Long Delay

    Acknowledging that the release took "way too long," Microsoft has made Hyper-V Server 2019 available for download from the Microsoft Evaluation Center page.

  • Forklift Container

    A Better Way To Upgrade Hyper-V Storage

    It's time again for Brien to perform a major storage upgrade on his Hyper-V hosts. But this time, he's taking a new approach.

  • RAMBleed Side-Channel Attack Method Disclosed by Researchers

    Academic researchers this week published information about another side-channel attack method, called "RAMBleed," that can expose information from memory chips, including encryption key information.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.