Exabyte Corporation

Exabyte Corporation was a manufacturer of magnetic tape data storage products headquartered in Boulder, Colorado, United States. Exabyte Corp. is now defunct, but the company's technology is sold by Tandberg Data under both brand names. Prior to the 2006 demise, Exabyte offered tape storage and automation solutions for servers, workstations, LANs and SANs. Exabyte is best known for introducing the Data8 (8 mm) magnetic tape format in 1987. At the time of its demise, Exabyte manufactured VXA and LTO based products. The company controlled VXA technology but did not play a large role in the LTO community.

Exabyte Corporation
TypePublic
Nasdaq: EXBT (1989-2006)
PredecessorEcrix
Founded1985
DefunctNovember 2006
FateAcquired by Tandberg Data
SuccessorTandberg Data
HeadquartersBoulder, CO, United States
Productstape storage, automation solutions, VXA
Websiteexabyte.com at the Wayback Machine (archived November 10, 2006)

Corporate history

The company was formed in 1985 by Juan Rodriguez, Harry Hinz, and Kelly Beavers, and a group of ex-StorageTek engineers who were interested in using consumer videotape technology for data storage. The company advanced technology for computer backups in 1987 when they introduced the Data8 magnetic tape format. The company's follow-up technologies, including Mammoth and Mammoth-2, were less successful.

Exabyte went public on the NASDAQ in 1989 under the symbol EXBT.

Acquisitions

Exabyte's history of acquisitions includes:

Ecrix merger

Ecrix was a magnetic tape data storage company founded in 1996 in Boulder, Colorado. The founders, Kelly Beavers and Juan Rodriguez, were two of the three founders of Exabyte. The research and development done by Ecrix focused on making a cheaper 8 mm tape drive. In 1999, Ecrix released their first product, the VXA tape drive.[4] In 2001, Ecrix and Exabyte merged, giving Exabyte access to Ecrix's VXA Packet Technology tape drive format.[5]

Demise
  • On 30 June 2006, Exabyte announced that they were looking for a buyer.[6]
  • On 30 August 2006, Tandberg Data announced that they were buying Exabyte's assets for US$28 million.[7][8]
  • The acquisition was completed on 20 November 2006.[9]

References
  1. R-Byte acquisition
  2. Tallgrass acquisition
  3. Grundig Data Scanner acquisition
  4. Product Launch Archived 2007-09-30 at the Wayback Machine
  5. Exabyte Merger
  6. Press release announcing search for buyer Archived 2006-11-18 at the Wayback Machine
  7. Tandberg's press release Archived 2007-09-27 at the Wayback Machine
  8. Exabyte's press release
  9. "Tandberg Completes Exabyte Acquisition, Joins Tape Storage Alliance". eWEEK. Retrieved 2020-01-30.
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