Sun to acquire Storagetek

By Julio Franco
Jun 4, 2005
  1. To Customers and Friends of Sun Microsystems:

    I couldn't be more thrilled to announce that on June 2, 2005, Sun Microsystems
    and StorageTechnology Corp. (StorageTek) signed a definitive agreement under
    which Sun will acquire StorageTek, a worldwide technology company that delivers
    a broad range of storage management offerings. This acquisition strengthens
    Sun's mission to solve complex network computing problems for governments,
    enterprises, and our service providers.

    When we first discussed the possibility of acquiring StorageTek, it was apparent
    to me that we share similar vision for helping our customers take cost and
    complexity out of their IT infrastructure. There have been and continue to be
    huge issues relating to security of data assets that are paramount in customers'
    minds. With the combination of Sun and StorageTek we can address these problems
    like no other.

    You may already know that Sun and StorageTek have a ten-year history of working
    together - with StorageTek products used by many of our customers. This
    announcement takes that relationship a step further. With this transaction, Sun
    emerges as the leader in secure Information Lifecycle Management (ILM),
    significantly expanding the value we offer to our customers. Some highlights:

    * Together, we bring 60 years of shared experience in providing innovative
    solutions to Compute, Data, Management, Software and Services challenges.
    * Combined annual revenue of more than $13 billion, placing Sun as the fourth
    largest storage company worldwide, and the undisputed leader in ILM.
    * The addition of experienced and respected sales, service and support
    professionals who possess deep expertise and share Sun's commitment to
    innovation and customer value.
    * A full suite of identity management offerings to enable compliance and
    auditability of information assets.

    StorageTek's products and services will be integrated into Sun's product line
    once this agreement is formally closed, and customers of StorageTek will
    continue to be serviced under the terms of their existing agreements. An
    integration team has been established to oversee a smooth integration of
    operations, including management, engineering, sales and service personnel.

    As the agreement is subject to regulatory and shareholder approval, until it
    closes Sun and StorageTek will continue to operate separately from each other.
    We anticipate closing this arrangement during either the first or second quarter
    of Sun's 2006 fiscal year.

    You can learn more about today's announcement by visiting Or
    better yet, contact your local sales representative for more details.

    If you have any questions or feedback, please send a message to


    Scott McNealy
    CEO and President
    Sun Microsystems, Inc.
Topic Status:
Not open for further replies.

Similar Topics

Add your comment to this article

You need to be a member to leave a comment. Join thousands of tech enthusiasts and participate.
TechSpot Account You may also...