• 10/30/2004
    1:15 AM
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StorageTek & Permabit Mingling

Startup's CEO jumps to StorageTek, which will OEM Permabit CAS system to combat EMC
Startup Permabit Inc.

is losing a CEO -- and gaining a significant OEM partner.

Randy Seidl has stepped down as CEO of the Cambridge, Mass.-based startup to head eastern regional sales for Storage Technology Corp. (StorageTek) (NYSE: STK). And in what appears to be a related move, StorageTek will OEM Permabits content addressed storage (CAS) products to compete with EMC Corp.'s (NYSE: EMC) Centera.

StorageTek spokesman Bob Wientzen confirms that Seidl's joining StorageTek, but Permabit won’t comment on word that its CEO has left. (Yes, really, they refuse to comment either way.) As to the OEM deal between StorageTek and Permabit, Wientzen won't confirm it either. But he notes that archiving and fixed content is important to StorageTek and that an announcement will follow "later this quarter."

Separately, sources close to both companies say Seidl bolted Permabit for StorageTek within the last month and that StorageTek’s sales force is already quoting prices on the Permabit product.

"It's an open secret that Randy has jumped," a source says. "The other part of it is that StorageTek will OEM and release the Permabit product against EMC Centera."

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