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StorageTek & Permabit Mingling: Page 3 of 3

Seidl's appointment at StorageTek and the OEM deal are expected to be announced within a few weeks. But it may not end there. There is scuttlebutt that the StorageTek/Permabit relationship could eventually deepen. The precedent: StorageTek last month bought Storability Software Inc., a storage resource mangement software company with which it had an OEM deal (see StorageTek Salvages Storability).

“It makes total sense for StorageTek to buy Permabit,” one financial analyst says. “Permabit has products in the archiving and CAS markets... StorageTek is missing out on this growing market without a competitive product. This also ties in with their focus on increasing their disk business.”

— Dave Raffo, Senior Editor, Byte and Switch