Storage News

Monday, January 30, 2012

Fledgling Holyoke computer center gives $600,000 in grants
While it still has yet to have its own home built, the Massachusetts Green High Performance Computing Center in Holyoke is already giving out grants, announcing $600,000 seed grants going to seven research teams.

Wednesday, January 25, 2012

EMC chief Tucci says he won't step down this year
With EMC Corp. setting new earnings records each quarter, chief executive Joe Tucci has abandoned a plan to retire in 2012, he disclosed Tuesday in an earnings call.

Friday, January 20, 2012

Sonian buys archiving biz from partner Webroot
Needham email archiving service provider Sonian Inc. has acquired the email archiving business of its partner, Colorado’s Webroot Software, for an undisclosed amount.

Wednesday, November 2, 2011

Basho brings in $5M in 2nd round of 2011
Big data storage firm Basho Technologies Inc. said Tuesday it has raised a $5 million inside round, its second fundraise announced this year.

Wednesday, October 26, 2011

Holyoke computing center gets $14.5M from MassDevelopment
The planned Massachusetts Green High Performance Computing Center in Holyoke has won a $14.5 million New Markets Tax Credit from the state’s economic development arm, MassDevelopment.

Thursday, October 20, 2011

EMC plans for hybrid cloud, more acquisitions
As EMC Corp. advances its intersecting cloud and big data strategies, watch for the company and its president and chief operating officer Pat Gelsinger to fill gaps with a combination of in-house development and acquisitions, particularly in the areas of security, management tools and analytics.

Tuesday, October 18, 2011

EMC reports Q3 record revenue, profit
EMC Corp. is reporting all-time records in revenue, profit and gross margins for the third quarter of 2011, according to its quarterly earnings release, in which chairman and CEO Joe Tucci highlighted hybrid cloud computing and big data trends as factors in the growth.

Friday, October 14, 2011

Mass. AG’s office moves Holyoke data center forward
Attorney General Martha Coakley’s offce said Friday that it reached a deal with developers that should advance construction of a computing center in Holyoke.

Thursday, October 13, 2011

TwinStrata stores up $8M in Series B funding
Natick cloud storage and backup company TwinStrata Inc. has completed an $8 million Series B funding round, led by Avalon Ventures of Cambridge.

Thursday, October 6, 2011

Sepaton appoints Tofano to CTO post
Sepaton Inc. has named ex-Quantum Corp. CTO Jeff Tofano as chief technology officer of the Marlborough data protection company.

Monday, October 3, 2011

Iron Mountain sells off New Zealand unit
Boston-based records management company Iron Mountain Inc. (NYSE: IRM), which earlier this year divested itself of most of its Iron Mountain Digital division for $380 million, has sold its New Zealand business unit to local express service Freightways Ltd.
EMC said to be buying database startup Zettapoint
Information technology infrastructure company EMC Corp. of Hopkinton is acquiring database optimization company Zettapoint Inc. of Concord and Or Yehuda, Israel, for about $10 million, according to a media report.

Tuesday, September 20, 2011

Iron Mountain makes $300M notes offering
Iron Mountain Inc., the Boston document storage company undergoing a change in business strategy, has announced a $300 million notes offering, with plans to use net proceeds to pay back shareholders and use for future acquisitions and investments.

Thursday, September 15, 2011

EMC reported to gain rival support in patent troll lawsuit
EMC Corp.'s appeal of a lawsuit filed by a "patent troll" has reportedly prompted support from the Hopkinton data storage giant's rivals Hewlett-Packard Co. and Cisco Systems Inc., the Wall Street Journal has indicated.

Friday, September 9, 2011

DynamicOps reveals Intel led its Aug. $5M round
DynamicOps Inc. of Burlington announced that Intel Capital, the venture investing arm of Intel corp. is the lead investor in the company’s recent $5 million tranche of its Series B round.

Thursday, September 8, 2011

Backupify brings in $5M in Series B round
Backupify Inc., a company that offers cloud-based automated backup for online services like Facebook, has raised $5 million in a Series B round of funding from a roster of its previous investors.

Monday, August 22, 2011

DR firm Zerto brings in $15M Series B round
Business continuity and disaster recovery software provider Zerto, based in Israel and Waltham, reported today that it has completed a $15 million Series B round led by U.S. Venture Partners as a new investor and existing investors Battery Ventures and Greylock Partners.
TwinStrata digs up $5.7M in new funding round
TwinStrata Inc., a Natick cloud storage and backup company, has taken in $5.7 million of a planned $8.7 million funding round, documents filed with the SEC show.

Thursday, August 11, 2011

Carbonite collects $62M in IPO, off early goals
Online backup company Carbonite Inc. held a weaker than planned initial public offering yesterday, raising $62.5 million - well below the initial goal of as much as $122 million when the IPO was announced in May.

Wednesday, August 10, 2011

Carbonite lowers IPO expectations to $89M
After delaying its initial public offering by at least one day, Carbonite Inc. has drastically lowered pricing expectations for its IPO, from a price range of $15 to $17 a share to its current expectations of $10 to $11 a share.