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Technology Stocks : Advanced Digital Information Corp. (ADIC) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (2092)	10/9/2000 12:45:27 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 2283

RACKING IT UP -- Cash-rich StorageWay banks on booming storage market Oct. 06, 2000 (Computer Reseller News - CMP via COMTEX) -- Fremont, Calif. - Since its establishment, managed storage service provider StorageWay has had two rounds of funding totaling $48 million and another $55 million in funding from suppliers. It has established data centers across the nation and already boasts active solution provider partners. Not bad for a company that turns one year old this month. But such is the life of a start-up in a start-up market. StorageWay provides primary and secondary data storage services on a per-Gbyte, per-month basis to customers that either cannot or prefer not to own and manage their storage infrastructures. Storage as a service is a fast-growing market. IDC expects the worldwide market for storage services to reach $40 billion in 2003, compared with $21 billion last year. Different SSPs target different customer bases. Some target the enterprise space, looking for large customers that want to outsource part of their storage needs, such as backup or disaster recovery. Others target consumers looking to do data backup over the Internet. StorageWay has focused completely on the Internet business space from day one, says CEO Peter Shambora. E-businesses have different priorities than traditional data centers. "Scalability is more important to Internet-related businesses. Traditional data centers have better planning and the space to expand, so scalability is not such a key issue," Shambora says. The start-up's scalability comes via 12 storage centers located in co-location facilities run by Exodus Communications and others. These centers include storage arrays from EMC and Hitachi Data Systems, tape libraries from Advanced Digital Information Corp. (ADIC) and software from Veritas Software and Computer Associates International. All are monitored by a single network operations center on a round-the-clock basis, he says. siliconinvestor.com