VERITAS Invests $1 Million in Patents, Announces Linux Strategy
VERITAS Software has purchased a majority of Storage Engine's patents for $1 million.
August 11, 2002
VERITAS Software has purchased a majority of Storage Engine's patents for $1 million. Storage Engine develops fault-tolerant storage solutions, such as its Synchronix Storage Area Network (SAN), Synchronection 2, and Raven systems. The patents relate to fault-tolerant storage, protection, management, and replication of enterprise data in complex networks. As part of the agreement, Storage Engine will retain a perpetual, royalty-free license to the patents. The investment will help VERITAS increase its range of storage-solution offerings.
In related news, VERITAS recently unveiled a wide storage-software strategy for Linux platforms. The first step in the new strategy includes the release of clustering and Network Attached Storage (NAS) software for Linux. VERITAS Cluster Server and VERITAS ServPoint NAS software join the previously released VERITAS Foundation Suite and VERITAS NetBackup products available for the Linux platform. The company plans to bring more mission-critical and management capabilities to Linux in the future. VERITAS has teamed up with Dell, Hewlett-Packard (HP), IBM, Intel, and Red Hat to market its Linux solutions. Citing a Giga Information Group prediction that the Linux server market will grow from $2.5 billion in 2002 to $15 billion by 2007, VERITAS hopes its strategy will offer value to that growing server market.
http://www.veritas.com
http://www.storageengine.com
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