SANZ (SAN Holdings) Filed for Bankruptcy
By Jean Jacques Maleval | November 27, 2007 at 11:38 amRead the SEC 8-K filing:
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The U.S. storage integrator SAN Holdings or SANZ, based in Englewood, CO with several offices in U.S., recorded revenues of $19.5 million for the six-month period ending in June 30, to be compared with $27.4 million for the same period one year ago, for a net loss of $7.8 million and $6.0 million respectively. Commenting its 2Q07 financial results, CEO Todd Oseth stated:" I'm pleased with progress we made this quarter"...
The firm was the result of a merger between Storage Area Networks and Solunet Storage, a private portfolio company of Sun Capital Partners in April 2003 .
SANZ was a big customer of Avnet and its partners include Cisco, Data Domain, EMC, HP, HDS, Kazeon, NetApp, Qualstar and SGI.