Boulder, Co.-based Exabyte has been on a steady decline since it peaked in 1990 with $170 million in revenue. That number was down to $91 million in 2005, and its $19.5 million in its last quarter decreased from $24 million the previous year. Exabyte's headcount slipped from nearly 1,200 employees in 1993 to 170 today. It has lost money for the last five years. "It was hard for them to move into new territory," Abraham says.
The deal comes a week after Quantum closed its $770 million purchase of rival ADIC in a similar but far larger deal of tape library vendors (See Quantum Takes Tape Rival ADIC and Quantum Acquires ADIC.)
Can we expect more consolidation? "One has to ask who's left, but yes," Abraham says. "The industry does indeed get smaller and smaller."
Dave Raffo, News Editor, Byte and Switch
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