RealTime IT News

Cable & Wireless Buys Assets of StorageWay

Cable & Wireless , the London-based Telco and hosting provider, today announced it has purchased for $2 million select assets from StorageWay Inc., a Fremont, Calif.-based managed storage utility service provider.

Products and services acquired from StorageWay will be added to Cable & Wireless' managed storage services portfolio within its hosting and Web services business. Since April 1, all hosting and content delivery services previously offered by Cable & Wireless, Digital Island and Exodus have been managed and marketed in the U.S. as Exodus, a Cable & Wireless Service. (Outside of the U.S., services are marketed under Cable & Wireless).

In February, Cable & Wireless acquired selected Exodus assets, including 30 of 44 data centers, and a majority of its business activities for $850 million. This came just six months after its $340 million acquisition of managed hosting and content distribution company Digital Island (see Cable & Wireless on Exodus Strategy).

Under terms of the agreement with StorageWay, Cable & Wireless is purchasing two enterprise-class storage solutions: a disk storage service that provides utility-like access to 24x7 managed, RAID protected storage and a tape backup and restore service.

Cable & Wireless reports that these services complement the existing suite of Exodus storage solutions that are designed to enable customers to quickly and cost-effectively take advantage of an enterprise-class storage and backup infrastructure.

"Managed storage has long been a critical component of a complete managed hosting solution," said Chris Albinson, chief strategy officer for Exodus, a Cable & Wireless Service. "By adding the StorageWay assets to our existing suite of storage solutions, we now offer customers enhanced storage capabilities and solutions from a flexible, experienced provider, along with the financial strength of Cable & Wireless."


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