History (1999): TTi, TTI, Tecmar, AIBT...

We’ve tried to work out the highly complicated relationships between TTi, Tecmar Technologies Inc. and American International Business Technologies Inc. or AIBT with help from Jim Delshad, CEO and COB of AIBT, and Bob Zeberlein, Tecmar’s CFO.

At the end of 1996, TTI Holdings, set up by Norwegian investors, was made up to acquire all the capital stock of a Californian firm, Transitional Technology, Inc., and its UK sister company, Transitional Technologies International Limited. Both firms were previously owned by 2 partners, Matthew Goldblack and Richard Martin.

TTI Holdings acquired also later, in 1998, Tecmar Technologies, Inc., the well known tape drive manufacturer but decided to keep only this subsidiary, and to sell its 2 previous acquisitions. [Tecmar was founded nearly a quarter of a century ago, and has since been picked up by Rexon in 1986, then Legacy Storage Systems in 1995.]

So it was that Transitional Technologies International Limited was sold to another UK company, Standard Storage Systems Limited (Bicester, Oxfordshire) in August 1998, and the following month, selected assets of Transitional Technology, Inc. were sold to AIBT.

As a result, today we have, on the one hand, Transitional Technology, Inc., also called TTi, which is now a division of AIBT. The former offers a broad range of storage solutions including tape drives, RAID systems and libraries. The latter, which has been aro, for more than 20 years, primarily offers Golden Gate, a product that allows simultaneous sharing of a tape library by two different hosts using Novell, NT, Unix or OS/400.

On the other hand, we have TTI Holdings, renamed Tecmar Technologies International, Inc. – with no relation whatsoever to TTi/AIBT – listed on the Oslo, Norway stock exchange, which is the owner of its main operating subsidiary, Tecmar Technologies, Inc., the Travan drive manufacturer based in Longmont, CO.

And if all that weren’t confusing enoug, there’s yet another company, based in California, called TTI, involved in disk testing, TTI Wireless in Cleveland, OH, and TTI Telecom in Israel.

Tecmar