News
 

Bookmark and Share

(0) 

SGI, a leader in high-performance computing and data center solutions, on Wednesday announced the purchase of substantially all the assets and assumption of a limited number of liabilities of Copan Systems, a provider of high performance storage archive solutions for real-time access to long-term persistent data.

"I am delighted to welcome Copan's employees and customers to SGI. The need for real-time access to long-term persistent data is expected to continue to expand. This acquisition will allow SGI to participate directly in this market,” said Mark J. Barrenechea, chief executive officer of SGI.

SGI acquired the assets with the goal of expanding SGI's storage portfolio to include a highly scalable, energy efficient enterprise Massive Array of Idle Disks (MAID) platform. Copan storage solutions are designed to allow customers to access Disk-to-Disk and Virtual Tape Library (VTL) capabilities for cost-effective management of large data environments.

With the acquisition, SGI will be able to offer an expanded portfolio of purpose-built, innovative, massively scalable high performance storage products. Specifically, with the Copan platform, SGI will be able to offer new storage technologies that target Persistent Data storage. The platform is designed to allow customers to decrease the cost and complexity of storing and managing extensive volumes of long-term information in data-rich organizations.

Copan's assets were purchased in a private foreclosure sale from Copan's secured creditors. The purchase price was approximately $2 million in cash. SGI did not assume any debt of Copan in the acquisition and assumed a limited number of liabilities. Copan's offices in Longmont, Colorado, will be retained, and SGI intends to hire select Copan employees.

Tags: SGI, Copan

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month