View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 7, 1998


By CBR Staff Writer

Plasmon Plc the Cambridgeshire, UK-based data storage group has signed a cross-licensing deal with IBM Corp that will enable it to launch a new range of automated tape library products. They will be based on IBM’s MagStar technology, which has advantages over traditional DLT technology in terms of speed of access. Plasmon chief executive Nigel Street said the deal would allow it to leverage its expertise in optical automation into the tape automation marketplace. The markets Plasmon is aiming at are medium-sized multi-user server environments. The company says that research by Dataquest and the Gartner group puts the value of this segment of the market at $1bn a year, with shipments set to double by 2002. News of the deal pushed Plasmon’s shares up 17% to 66.5 pence.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy