Moving and Storage Business News

The News Review:

- Sovran pays $90M for new sites.
- Storage World: Innovation and Acronyms
- RedHerring.com — The Business of Technology

Sovran pays $90M for new sites.
Free with registration – UPI NewsTrack – AccessMyLibrary.com – Jun 23, 2006
DALLAS, June 23 (UPI) — Sovran Self Storage Inc. , a real estate trust, bought 20 self-storage facilities from Cornerstone Development Corp. of Dallas for $90 million. Funds for the deal were provided via the assumption of $32 million of mortgage debt, a $40 million draw on the company’s line.

Storage World: Innovation and Acronyms
Enterprise Storage Forum – Jun 23, 2006
“New software features allow it to scale out with clustering and virtualization by providing a global name space and shared storage pool functionality,” he says. The company has created the Silicon Storage Appliance (S2A) as a building block for high-performance computing, Internet-based services and rich media storage. “Our S2A9500 is a high-throughput, deep-scale… Brocade, for example, is very squarely pigeonholed as a switch vendor. Yet the signs have been there for a year or two now — the company’s strategy is to move beyond that. “We are moving from purely SAN switches into the broader area of data center infrastructure,” says Brocade CTO Dan Crain. “We plan to be the enabler of access to different storage, servers and formats across the data center. ”
He points to the fact that Brocade has had a.

RedHerring.com — The Business of Technology
Red Herring – Jun 23, 2006
David Avida is also on board as general partner, moving from his job as president and CEO of Decru, a storage security company he started in 2001. The departure of so many Lightspeed partners raised eyebrows last August when rumors, accurate rumors it turned out, told of a bunch defecting to launch their own fund. While Opus? new fund was oversubscribed, it?s no match for the $475-million Lightspeed raised in January, so it?s not like Lightspeed fell over or anything. But keeping Opus neat and tidy was all part of the Opus plan, to hear Mr.