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Article: Storability Jettisons Managed Services Biz.
- Article from:
- Client Server News
- Article date:
- July 22, 2002
CopyrightCOPYRIGHT 2002 G2 Computer Intelligence. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Storability Software said Monday that it's sold its managed storage services business to StorageTek.
Storability also said StorageTek bought licenses for software technology associated with delivering remote storage management and admin- istration services.
Financial terms were not disclosed. As part of the pact, StorageTek is hiring 20 Storability employees and taking over its operations center in Boston.
At its peak, Storability had 230 customers but like other storage service providers, its managed storage services business has taken a severe beating. The company wouldn't disclose how many customers it had when it sold the business.
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