Storage Technology Corporation
| Storage Technology Corporation (StorageTek)
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| legal form | Company with limited liability |
| founding | 1969 in Boulder , Colorado , USA |
| resolution | 2005 |
| Reason for dissolution | Acquisition by Sun Microsystems |
| Seat | Louisville , Colorado , USA |
| management | Patrick J. Martin , CEO |
| Number of employees | approx. 7,000 |
| sales | approx. $ 2 billion (2004) |
| Website | www.storagetek.com |
Storage Technology Corporation (StorageTek) was a global IT company that offered a broad portfolio of data storage products. StorageTek was headquartered in Louisville , Colorado ( USA ) with manufacturing facilities in Ponce , Puerto Rico and Toulouse (France). The German branch recently employed around 350 people in around ten branches. Since the takeover ( merger ) in 2005 by Sun Microsystems , StorageTek with its approximately 7,000 employees has been integrated into this global group. After the acquisition of Sun by the Oracle Corporation in 2010, Oracle StorageTek operates as a division for tape libraries.
history
The company was founded by former IBM engineers Jesse Aweida , Juan Rodriguez, Thomas Kavanagh and Zoltan Herger . In 1986 Storage Technology Corporation gave itself the official abbreviation StorageTek.
The company competed in the IBM-dominated tape drive and printer markets for twelve years until it introduced the automated tape library (magnetic tape robot) in 1987 . It defined information lifecycle management as a framework for cost-effective and economical storage in the late 20th century.
On June 2, 2005, Sun Microsystems announced that it would purchase Storage Technology Corporation for $ 4.1 billion, or $ 37.00 per share. The takeover was contractually sealed on August 31, 2005. In Germany, Sun Germany did not complete the acquisitions of Storage Technology GmbH and SeeBeyond until April 2006.