Tuesday, January 30, 2007

COPAN Gets Agreement With In-Q-Tel

Longmont, Colorado-based COPAN Systems, a developer of data storage devices used for tape replacement, has inked an agreement with In-Q-Tel, the CIA's venture capital arm. COPAN said that it has reached an agreement with In-Q-Tel to make the firm's product available to the government and national security market. The agreement did not include an investment by In-Q-Tel, according to the firm. COPAN is backed by Austin Ventures, Globespan Capital, Pequot Ventures, and Credit Suisse.