Wednesday, August 27, 2008

COPAN Inks Deal With Quantum

Longmont, Colorado-based COPAN, which develops high density, power managed storage devices aimed at the data backup market, said today that the firm has inked a strategic relationship with Quantum Corp. According to COPAN, the two have created a combined solution which uses Quantum's StorNext Data Management Software and COPAN's Enterprise MAID storage, aimed at high-density archiving. COPAN said the combined solution provides up to 896TB of file-based, persistent archiving. The new combined system is being targeted at gorvernment and media/entertainment firms. Financial arrangements behind the deal were not disclosed. COPAN is venture backed by Austin Ventures, Globespan Capital, Pequot Ventures, Credit Suisse and Battery Ventures.