Apr, 2001 : Sun completes acquisition of HighGround Systems

📅 April 3, 2001 - Computer manufacturing giant Sun Microsystems Inc. (sun.com) announced on Monday that it had completed its acquisition of HighGround Systems Inc., a leading provider of storage resource management solutions for storage network environments.

Sun says the acquisition of HighGround, combined with its planned purchase of LSC Inc., are key components in its strategy to take a leading role in the emerging market for storage resource management. According to Sun, the company is aggressively working to increase its collection of product offerings, despite the changing US economy.
Sun acquired HighGround in a stock for stock trade. And following the close of the deal, HighGround is set to become part of Sun's network storage organization. HighGround's products are already available from Sun, part of what the company calls its commitment to uninterrupted product delivery.
Sun is a major force in the storage market, and intends to be one of the companies leading movement toward open storage networks. The acquisition of HighGround will allow Sun to offer new storage management tools and solutions.

Reads: 1973 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/sun403.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news

📅 Apr 2, 2001 - C I Host provides content delivery services - C I Host (cihost.com -> hostinger.com), the first virtual host to offer content delivery network services (CDN), announced a partnership with epicRealm (epicrealm.com), owner and operator of the world's first intelligent CDN dedicated to accelerating business over the Internet. The alliance of these two Texas-based companies will give 90,000 C I Host customers worldwide the opportunity to accelerate and optimize their e-commerce initiatives with epicRealm's CDN services. C I Host offers turnkey services ranging from initial domain name registration to custom dedicated servers for e-commerce on today's Web. With the epicRealm partnership in place, C I Host is expanding its offerings

📅 Apr 2, 2001 - Data Return signs Ticketmaster for managed services - Data Return Corporation (datareturn.com), a leading global provider of managed hosting services, today announced that Match.com, the Internet's leading online dating service and a wholly owned subsidiary of Ticketmaster, has signed a contract for managed hosting services. Match.com provides a community of singles who are successfully using the interactive online matchmaking service to find serious relationships. "Data Return is clearly the industry leader in providing managed hosting services for the Microsoft platform," said Mike Presz, CTO of Match.com. "The benefit of having constant access to Data Return's technical expertise and a dedicated support team were

📅 Apr 2, 2001 - Electronic Data Systems to buy Systematics - American computer services firm Electronic Data Systems Corp. announced on Monday that it is planning to buy its German peer Systematics AG in a deal involving stocks and cash that is valued at approximately $570 million. EDS says the move will double its presence in Germany. Last month, the Texas-based EDS agreed to pay $670 million to Sabre Holdings Corp. in exchange for airline data centers and other technology holdings. The company says it expects the two deals will not affect its earnings for 2001, but expects they will add to its bottom line in 2002. EDS said the acquisition of Systematics, which is expected to close around the middle of the year, is intended t

📅 Apr 4, 2001 - Navisite chosen by Budweiser as exclusive Internet broadcaster - Leading provider of managed Web hosting services, NaviSite Inc. (navisite.com ) announced on Tuesday that it had been chosen by Anheiser-Busch as its exclusive streaming provider for live Web broadcasts and streaming media at the www.budweiser.com Web site. In selecting NaviSite, Anheiser-Busch has made the hosting company's streamOS platform a key component of its Web marketing strategy. NaviSite has already been involved with Anheiser-Busch's Web efforts, helping to produce and host live Internet broadcasts as well as making video available online, including clips of Budweiser's popular "Whassup?!" guys and Winston Cup Series NASCAR videos. streamOS has also been u

📅 Apr 4, 2001 - OptiGlobe launches Argentina?s most advanced data center - OptiGlobe (optiglobe.com), a leader in providing Internet data center services to Latin America, announced the launch of its newest Latin American data center in Buenos Aires, Argentina on Wednesday. The new center is part of OptiGlobe's plan for continued expansion into Latin America, which began with a data center launched in Sao Paulo, Brazil last November, and will continue later this month with the launch of a third center in Rio De Janiero, Brazil. The company also has sites under development in Mexico City and Santiago. OptiGlobe also announced on Wednesday that its Sao Paulo data center had surpassed the 100 client mark, having added an average of one cl

📅 Apr 4, 2001 - Level 3 to cut work force by six per cent - Data communications service provider Level 3 Communications announced on Tuesday that it plans to cut about six per cent of its workforce, or 325 employees, in the next few weeks. But according to Level 3, the layoffs are not just the latest in a long line of similar cutbacks by hardware manufacturers and high-tech companies. The company says the reduction is part of a shift in focus toward the higher growth segments of its business, and assured that its total employment will grow during the year through hiring in sales, provisioning and network operations. Level 3 admitted that the current market conditions played a part in the decision, driving the company to make