Storage Technology Corporation (StorageTek or STK, earlier STC) was a data storage technology company headquartered in Louisville, Colorado.[1] New products include data retention systems, which it calls "information lifecycle management" (ILM).
In 1969 four former IBM engineers—Jesse Aweida, Juan Rodriguez, Thomas S. Kavanagh, and Zoltan Herger—founded the Storage Technology Corporation. The headquarters was in Louisville, Boulder County, Colorado.
In the 1970s, StorageTek launched its Disk Products division. After a failed attempt to develop an IBM-compatible mainframe, and an optical disk product line, the company filed for Chapter 11 bankruptcy protection in 1984. Starting in 1987, new management invested in an automated tape library product line that "picked" tapes from a silo-like contraption with a robot arm. StorageTek emerged as a dominant player in that market.[2]
Storage Technology Corporation was officially renamed "StorageTek" in 1983.
StorageTek CD-ROM containing the sales toolkit for SVA (Shared Virtual Array) hardware - July 2000
Sun Microsystems
Logo for Sun StorageTek products used prior to Oracle acquisition
In June 2005, Sun Microsystems, Inc. announced it would purchase StorageTek for US$4.1 billion in cash, or $37.00 per share.[3] In August 2005, the acquisition was completed.
Oracle
Logo for Oracle StorageTek products used after Oracle acquisition
^Drew Robb (2005-12-29). "Tape Libraries Keep Stocking Shelves". Enterprise Storage. eWeek. Retrieved 2019-07-19. In terms of revenue market share, Freeman Reports places StorageTek, which is now owned by Sun, in the lead with 38 percent.
