ADIC

Talk about being bold. Enterprise backup vendor ADIC bought nearly 10 percent of its rival Overland Storage's shares in October, sparking speculations of a merged entity that could put greater pressures on the competition.

Talk about being bold. Enterprise backup vendor ADIC bought nearly 10 percent of its rival Overland Storage's shares in October, sparking speculations of a merged entity that could put greater pressures on the competition.

ADIC jumped at the opportunity after learning that Overland had lost Hewlett-Packard's OEM deal. While Overland has gone on to reject the takeover bid, the move shows ADIC's appetite for growth.

ADIC, which counts IBM and StorageTek as competitors, also made a bid for the midrange tape market by launching in 2004 the Pathlight VX 2.0, a midlevel storage system that combines disk and tape in a single appliance, the Pathlight VX 2.0.

Since then, it has gone on to enhance these systems. In April, ADIC launched the Pathlight VX 450, a disk backup offering designed to provide midrange data centers with enterprise-level protection for their most critical data.

In doing so, ADIC now pits itself against vendors such Quantum and HP.

For fiscal year 2004, the company raked in US$454.8 million in revenue, a 7.3 percent growth over 2003. Not bad, considering that analysts expect the overall tape industry revenues to grow at only 1.3 percent year-on-year.

This makes ADIC one of the key storage players to watch in 2006.