InternetNews Staff

Precise Software Solutions of Westwood, Mass., has acquired W. Quinn Associates Inc., a storage resource and performance management solutions firm in Reston, Va. The acquisition price is $35 million, including $20 million in cash with the balance paid in Precise shares. The price could rise is W. Quinn meets certain revenue and operating income targets. […]

eRoom Technology, a maker of Net-based enterprise collaboration software, has withdrawn its $70 million IPO filing due to poor market conditions. The Cambridge, Mass., company founded in 1996 by a pair of former Lotus executives had filed for the IPO with Nasdaq last October. The company has raised $51 million in venture capital to date […]

The Reserve Bank of India‘s Institute for Development and Research in Banking Technology (IDRBT) is spending US$1.25 million to build a new terrestrial network to complement an existing VSAT network for its Indian Financial Network (INFINET) system. Since June 1999, INFINET has served as the communication backbone of India’s banking and financial sector; it is […]

DataCore(TM) Software, a provider of storage networking and virtualization software, this week introduced the most recent of its IP Storage capabilities; the addition of IP to its range of Fibre Channel connectivity options. Today’s announcement focuses on two things: –SCSI over IP protocol (iSCSI) as a means to connect clients to centrally-managed storage pools –High-performance […]

Optiant(TM), Inc. this week announced an agreement with Imation Corporation to help design and implement a postponement strategy for Imation’s Data Storage and Information Management division. The goal i for Optiant’s advanced supply chain optimization solution will help Imation enhance supply chain performance. According to the companies, Imation will utilize Optiant’s pioneering PowerChain(TM) solutions to […]

Adtron Corp. this week announced that it now offers flash memory or hard disk based mass storage on a single slot VME 6U plug-in card. According to the company, the SV6I provides up to 5.4 GBytes of flash storage, or up to 120 GBytes of hard disk storage. The board emulates industry standard 3.5″ and […]

Tacoma-based InsynQ Inc., which concentrates on delivery of business software applications and managed services over Internet-based WANs, Wednesday acquired Acconuntingstation.com’s customer base of more than 150 accountants and CPAs. “This just demonstrates our dominance in the accounting channel, which we identified as our niche last year,” said InsynQ Chairman and Chief Executive Officer John Gorst. […]

Gadzoox Networks Inc., a supplier of Storage Area Network (SAN) products, today announced that it closed on the sale of $7.5 million of common stock in a transaction led by Balch Hill Capital and Galleon Group on August 30, 2001. According to the company, the common stock was sold at a slight premium to market […]

Western Digital Corp. today announced that it has agreed to sell the assets of its SANavigator Inc. subsidiary, a storage area network management (SAN) software vendor, to McDATA Corp. for $29.75 million in cash. Western Digital and McDATA have signed a definitive agreement and the transaction is expected to close in September, subject to customary […]

Tek-Tools, Inc., an provider of extensible XML-based software solutions, today announced a reseller agreement under which StorNet, Inc., a provider of networked storage services, will integrate and support Tek-Tools’ storage resource management (SRM) software. StorNet, an initial beta site for the Tek-Tools’ application, has installed the software at customer locations in Texas, New Jersey and […]

StorageTek(R) this week announced it has joined with Crossroads Systems to provide fibre channel (FC) connectivity to its L20/L40/L80 tape libraries. “We’re pleased to be working with StorageTek to offer cost-effective solutions for our customers,” said Larry Sander, Crossroads Systems president and chief operating officer. “Enhancing StorageTek’s L20/L40/L80 series of tape libraries with our routers […]

Seattle’s Loudeye Technologies Inc. Wednesday announced the commercial launch of its private-label Internet radio product, Loudeye Radio, at the NAB Radio/Xstream Show in New Orleans. Loudeye said Loudeye Radio will give e-tailers, portals and terrestrial radio companies a custom-branded Internet radio application, delivered as a complete hosted solution, featuring custom music programming and ad insertion […]