SGI Buys Assets of Bankrupt Copan Systems

 
 
By Chris Preimesberger  |  Posted 2010-02-23 Email Print this article Print
 
 
 
 
 
 
 

Copan was known within the industry for its MAID storage software platform. However, the company struggled in recent years and couldn't make a go of it in the increasingly crowded enterprise data storage business. SGI now owns a highly scalable, energy-efficient enterprise platform.

SGI, which in April 2009 became a combination of Rackable Systems and the original Silicon Graphics, announced Feb. 23 that it has purchased the assets of Copan Systems, a bankrupt provider of high-performance storage archive solutions, for about $2 million in cash.

Copan was known within the industry for its MAID (Massive Array of Idle Disks) storage software platform. However, the company struggled in recent years and couldn't make a go of it in the increasingly crowded enterprise storage business.

Copan had received its final influx of venture capital, $18.5 million, in February 2009, led by Westbury Partners. In about a decade in business, Copan Systems raised more than $100 million in venture funding before declaring bankruptcy in fall 2009.

SGI, known for high-performance clustered computing and storage, bought Copan's assets in a private foreclosure sale from Copan's secured creditors, SGI said. SGI took over none of Copan's debt and assumed only a limited number of liabilities.

The company also said Copan's offices in Longmont, Colo., will be retained and that it intends to hire select Copan employees.

SGI bought Copan for its highly scalable, energy-efficient enterprise [MAID] platform. Copan MAID, unlike many other storage systems, enables customers to access disk-to-disk and virtual tape library (VTL) capabilities in the management of large data sets.

"I am delighted to welcome Copan's employees and customers to SGI," SGI CEO Mark Barrenechea said in a statement. "The need for real-time access to long-term persistent data is expected to continue to expand. This acquisition will allow SGI to participate directly in this market."

 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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