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Home > Company Index > Computer Hardware > Data Storage Devices > StorageApps Inc.

StorageApps Inc.
 NEWS FROM THE STANDARD
The Young and the VCs
Jul 30 2001 12:30 PM PDT

There's Still Life in Public Offerings
Jul 27 2001 03:03 PM PDT

Hewlett-Packard Agrees to Buy StorageApps for $350 Million
Jul 25 2001 09:55 AM PDT

 PROFILE
StorageApps saves its spaces for storing data. The company, formerly RAID Power Service, sells third-party storage systems based on redundant array of independent disks (RAID) loaded with its management software. Its SANMaster application allows administrators to monitor and manage storage networks using a Web-based interface that provide graphical reports. The company, which counts Hitachi Data Systems and LSI Logic among its product partners, plans to concentrate on storage-area network (SAN) and network attached storage (NAS) management applications. Hewlett-Packard plans to acquire StorageApps -- whose investors include The Blackstone Group, Brocade Communications, and Dell Computer -- for $350 million.

 COMPETITION
Compaq Computer Corporation (CPQ)
EMC Corporation (EMC)
Sun Microsystems, Inc. (SUNW)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 23.30
1-Yr. Sales Growth: (2.9)%
Employees: 169
Revenue per employee: $137,869.82

 KEY PEOPLE
• Daniel Gittleman
    CEO
• David Dill
    CFO

 CONTACT INFO
1001 Frontier Rd.
Bridgewater, NJ 08807
US
Phone: 908-243-8700
Fax: 908-243-0148
Online: Web Site

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