Powerlan confirms XSI acquisition

Powerlan confirms XSI acquisition

Powerlan Limited has announced the buyout of Australia's largest independently owned IT data storage organisation in Australia, XSI Technology, confirming speculation that the IT&T company has set its sights on the flourishing storage market.

The acquisition of XSI, supplier of data storage solutions in the midrange systems market, represents a new IT service for Powerlan.

Powerlan's managing director, Theo Baker, said the widespread adoption of the internet in both B2B and B2C (business-to-consumer) applications was driving an increasing demand for IT storage data globally.

"XSI represents a new IT service for Powerlan in a market segment which is growing strongly. Through XSI, Powerlan can now offer an end-to-end storage solution to our customer base throughout the Asia-Pacific region."

Baker said the move would complement other recent Powerlan acquisitions such as Namadgi and PSR. The purchase, which is subject to a confidentiality agreement, also follows Powerlan's announcement of the acquisition of Queensland systems integrator Sunrise Computer Group last Monday.

Market intelligence group IDC predicts more open-systems capacity will be installed in 2000 than in all past years combined, with network-attached storage revenues expected to soar from $540 million in 1999 to $5.1 billion by 2003.

XSI, which is ranked as the number one independent supplier of open-systems storage solutions in the country by IDC, has business partnerships with vendors such as CMD, Seagate, Ericsson, Compaq, Hewlett-Packard, Sun and StorageTek, and operates more than 400 data storage sites nationally.

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