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Storability Lands $30M Second Round: Page 2 of 2

Storability disparages the more common SSP model, which it says is simply about driving down the price of raw storage space. “Our research suggests that prospective customers are less concerned with the high price of 'raw storage' than they are looking for affordable and reliable ways to manage their data and storage,” says Kirby Wadsworth, Storability co-founder and VP of marketing.

“In today's economy, VCs are increasingly cautious in their investments. Raising such a large venture-backed funding round is a strong endorsement for Storability's vision and business model," says John McArthur, VP of storage research, IDC. “With this financial backing, Storability will be a company to watch closely in the storage management services space.”

Storability’s technology partners (whose products are supported by AssurENT ) include Akamai Technologies Inc. (Nasdaq: AKAM), Brocade Communications Systems Inc. (Nasdaq: BRCD), Compaq Computer Corp. (NYSE: CPQ), EMC Corp. (NYSE: EMC), McData Corp. (Nasdaq: MCDT), StorageTek (NYSE: STK), Sun Microsystems Inc. (Nasdaq: SUNW), and Veritas Software Corp. (Nasdaq: VRTS), with more to come.

— Jo Maitland, Senior Editor, Byte and Switch