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Monday, March 28, 2005
Tandberg Acquires Inostor
Tape storage giant Tandberg said last week that it has acquired Poway-based Inostor, a marketer of tape automation, drives and media products and NAS products. InoStor was created from the merger of U.S.-based Tandberg Data and Land-5, a developer of disk storage products. Tandberg purchased the remaining interest in InoStor fro minority shareholders, and already owned a substantial portion of InoSotr. InoStor is now a wholly owned subsidiary of Tandberg Data ASA. The companies said that the acquisition would provide Tandberg Data with a network of distributors, system builders, and OEMs in the Americas for its tape backup solutions. Terms were not disclosed.
posted on Monday, March 28, 2005
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