Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Sun to Acquire HighGround Systems

Deal to Provide Customers with Easy-to-Use Storage Management Solutions

(05 December 2000) Sun Microsystems announced today that it plans to acquire HighGround Systems, Inc., in a stock-for-stock transaction.

HighGround Systems, a privately held, 170-person company based in Marlborough, Mass., is the leading developer of storage resource management software for open systems. The company's products help customers understand and control their storage resources.

"With the acquisition of HighGround Systems, Sun is liberating system administrators from the daunting task of managing complex storage environments," said Ed Zander, Sun's president and chief operating officer.

The acquisition of HighGround will enable Sun to take a lead in the emerging worldwide storage resource management market, which the Gartner Group's Dataquest Research Division estimates will reach $1.7 billion by 2003.

"With this acquisition, Sun is building on its strategy to deliver easily managed, scalable storage networks to its customers," said Janpieter Scheerder, Sun's executive vice president, Network Storage. "We continue to aggressively round out our solutions with customer-oriented, high value products and, most importantly, we continue to build our arsenal to take on the competition and increase market share."

Under the terms of the merger agreement, Sun will acquire HighGround in a stock-for-stock transaction worth approximately $400 million. All HighGround employees and products will become a part of Sun.

The acquisition is expected to close in the third quarter of Sun's fiscal year 2001, which ends March 30, and is subject to government review, HighGround stockholder approval and customary closing conditions.

Amanda McVitty Marketing Communications Manager SolNet Ltd. PO Box 397 Wellington New Zealand

Phone: 64-4-462-0700 Fax: 64-4-462-0775 DDI: 64-4-462-0724 Mobile: 021-898-798 Email:

© Scoop Media

Business Headlines | Sci-Tech Headlines


Stats NZ: Quarterly Inflation Rising Steadily Across The Board

Higher prices for transport and food have driven up inflation for the all households group in the June 2021 quarter, Stats NZ said today. The ‘all households group’ represents all private New Zealand-resident households... More>>

Stats NZ: Primary Products Push Exports To A New High

New Zealand exports reached a new high in June 2021, off the back of record export values for logs and beef, Stats NZ said today. In June 2021, the value of all goods exports rose... More>>

Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>