Like a Phoenix, a very tiny Phoenix, rising from the grave, a tape drive vendor once thought of as finished has been resurrected.
The intellectual property and other assets of OnStream, a Longmont, Colo.-based developer of ADR tape drives and cartridges, were purchased by OnStream Data B.V, based here, company executives say.
The U.S. operations of OnStream were shuttered without warning in mid-March. However, the European operations were never closed, says Edward Snelleman, marketing manager for OnStream Data B.V.
By mid-May, OnStream expects to open its new U.S. office in Austin, Texas, says Snelleman. The Austin location brings the company close to OEM clients and is the home of its U.S.-based sales director, he says.
While OnStream will continue to work with its solution provider partners, and is in discussion with potential distributors in the United States, the company will focus more on OEM sales than in the past, says Snelleman.
In another break with the past, OnStream is no longer targeting the high-end, "glass house" market, Snelleman says. "We feel our products are more suitable for entry-level NT-based servers, and so we will focus on developing that market," he says.
OnStream's ADR technology road map remains as it was before the bankruptcy, since the technical development team was located in Eindhoven, says Snelleman.
OnStream officially launched as a company in late 1998 with funding from Philips Electronics, GE Capital, Charterhouse International and William B. Beierwaltes, former chairman and CEO. Beierwaltes is no longer associated with OnStream.