SGI , a provider of HPC and data center offerings, has purchased substantially all the assets and assumption of a limited number of liabilities of Copan Systems, a provider of high performance storage archive offerings for real-time access to long-term persistent data.
SGI said that it acquired the assets with the goal of expanding its storage portfolio to include a highly scalable, energy efficient enterprise Massive Array of Idle Disks (MAID) platform. Copan storage offerings are designed to allow customers to access disk-to-disk and virtual tape library capabilities for cost-effective management of large data environments.
With the Copan platform, SGI said that it will be able to offer new storage technologies that target persistent data storage. The platform is designed to allow customers to decrease the cost and complexity of storing and managing extensive volumes of long-term information in data-rich organisations.
The purchase price was approximately $2 million in cash. SGI did not assume any debt of Copan in the acquisition and assumed a limited number of liabilities. Copan’s offices in Longmont, Colorado, will be retained, and SGI intends to hire select Copan employees.
Mark Barrenechea,CEO of SGI, said: “I am delighted to welcome Copan’s employees and customers to SGI. 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.”