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

  • Google IDs on Azure Active Directory B2B Service Now at 'General Availability'

    Microsoft announced on Wednesday that users of the Google identity and access service can use their personal log-in IDs with the Azure Active Directory B2B service to access resources as "guests."

  • Top 4 Overlooked Features of a Data Backup Strategy

    When it comes to implementing an airtight backup-and-recovery plan, these are the four must-have features that many enterprises nevertheless tend to forget.

  • Microsoft Bolsters Kubernetes with Azure Confidential Computing

    Microsoft on Tuesday announced various developments concerning the use of Kubernetes, an open source container orchestration solution fostered by Google.

  • Windows Will Have Support for Encrypted DNS

    Microsoft announced this week that the Windows operating system already has support for an encrypted Domain Name System option that promises to add greater privacy protections for Internet connections.

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.