InvestorsHub Logo
Followers 1
Posts 133
Boards Moderated 0
Alias Born 03/30/2010

Re: None

Thursday, 04/14/2011 11:03:59 AM

Thursday, April 14, 2011 11:03:59 AM

Post# of 96904
IceWEB and Promark Reach Merger Agreement; Cloud, Virtual Storage a Focus

IceWEB Inc., a provider of unified data storage and building blocks for cloud storage networks and Promark Technology Inc., a distributor of data storage products and solutions have announced a definitive merger agreement.

by Vance McCarthy

http://www.idevnews.com/stories/4617/IceWEB-and-Promark-Reach-Merger-Agreement-Cloud-Virtual-Storage-a-Focus

IceWEB Inc., a provider of unified data storage and building blocks for cloud storage networks and Promark Technology Inc., a distributor of data storage products and solutions have announced a definitive merger agreement.

“The combined company will be a data storage powerhouse with over 1200-plus channel partners and a leading 128 bit file system platform,” John Signorello, Chairman and CEO of IceWEB said in a statement. As one entity, we will have all the missing piece(s) of the puzzle necessary for sustained growth and success in the data storage space.”

“We are very excited and see great potential in this merger,” said Dale Foster, Promark’s President, in a statement. “Our experience marketing the IceWEB Storage Appliance line of products quickly brought us to the realization that IceWEB’s unified storage approach gave it a competitive edge, and one that could very rapidly carve out a significant share of the market.”

Among its offerings, IceWEB provides options to support virtual server environments with shared storage to simplify management, ensure data availability, enables efficient backup, and provides virtual data storage support, relocation and migration. IceWeb products include:

IceWEB Storage System -- Centralizes key storage and VM management tasks.
IceWEB's VM Manager -- Unified management console for controlling all storage-related aspects of a virtualized infrastructure for VMware ESX, Citrix Xen, and Microsoft Hyper-V environments.


In early April, IceWEB’s NAS (Network Attached Storage) systems were officially certified by VMware as VMware Ready. To receive this accreditation, IceWEB Unified Storage NAS Systems passed all VMware lab tests and met all the integration and interoperability criteria.

Promark Technology, a 26-year-old privately held firm, has extensive network of some 1,200 value added resellers in the U.S. and operates at a $100 million annual revenue run rate, with no debt, officials said.


Promark has acted as the channel distributor for some of the leading storage companies including EqualLogic (acquired by Dell), LeftHand Networks (acquired by HP), Data Domain (acquired by EMC) and Compellent (acquired by Dell).

Last June, Promark acquired Niksar Data Management LLC, a professional services organization that plans, designs, and installs enterprise storage systems. That firm became Promark Professional Services, which offers services exclusively through Promark’s Value Added Reseller Channel.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.