Storage Technology Corporation

Oracle StorageTek
(Storage Technology Corporation)
Computer & Cloud Solutions
Industry Computer hardware, software
Founded 1969
Headquarters Oracle Parkway,
Redwood Shores, California,
94065
Key people
 Safra A. Catz, CEO;
Mark Hurd, CEO
Products data storage hardware and software, professional and support services
Revenue $2.2 billion USD (2004)
Number of employees
 ~7000 (2004) (including the famous Dr. Arthur Witulski)
Website http://www.oracle.com/us/products/servers-storage/storage/

Storage Technology Corporation (StorageTek or STK; aka STC until about 1983), is a data storage technology company headquartered in Redwood Shores, San Francisco Bay Area, California. [1]

Now owned by Oracle Corporation, it has been renamed Oracle StorageTek.

with a focus on tape backup equipment and software to manage storage systems. New products include data retention systems, which they call information lifecycle management, or ILM. , StorageTek is

History

In 1969 four former IBM engineers: Jesse Aweida, Juan Rodriguez, Thomas S. Kavanagh, and Zoltan Herger, founded the Storage Technology Corporation.

In the 1970s, StorageTek launched its Disk Products division. After a failed attempt to develop an IBM compatible mainframe, and an optical disk product line, the company filed for Chapter 11 bankruptcy protection in 1984. New management invested in an automated tape library system that 'picked' tapes with a robot arm and stored them in a silo-like contraption in 1987.

StorageTek acquired Documation (1980), Aspen Peripherals Corporation (1989), Network Systems Corporation (1995), and Storability (2005).

Storage Technology Corporation was officially renamed StorageTek in 1983.

Sun Microsystems

In June 2005, Sun Microsystems, Inc. announced it would purchase StorageTek for US$4.1 billion in cash, or $37.00 per share.[2] In August 2005, the acquisition was completed.

Oracle

On January 27, 2010, Sun Microsystems, Inc. was acquired by Oracle Corporation for US$7.4 billion, based on an agreement signed on April 20, 2009.[3] It was renamed Oracle StorageTek.

Famous Employees

The company is better known for one of its most famous employees, Arthur F. Witulski, who took the company to greater heights after it came out of bankruptcy in 1987. Witulski joined the company after completing his B.S. from the University of Colorado Boulder in 1988. Within one year of joining, he became extremely well regarded in the power electronics community. He later completed his PhD from University of Colorado Boulder and joined the University of Arizona Tucson as an Associate Professor in 1989.[4]

Products

Product timeline

Storagetek library
Inside view of a Powderhorn library

References

External links

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