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History 2002: After Pirus Networks, Sun Acquired Terraspring

For $35 million

Another storage start-up has found a buyer in Sun Microsystems. After switch company Pirus Networks for $160 million, this time Sun sprung for Terraspring, based in Fremont, CA, for $35 million.

The company, founded in 1999 by Sun veterans, received $54 million in investment from such firms as Mohr, Davidow Ventures and Accel Partners, as well as Hewlett-Packard and EMC.

What started out as an SSP is now in resource management and virtualization software for different OS (Windows NT, Solaris, Linux).

Sun’s idea is to integrate the software into its own N1 architecture.

This article is an abstract of news published on issue 179 on December 2002 from the former paper version of Computer Data Storage Newsletter.

Note: Sun acquired 11 storage companies from 1997 to 2005, before being acquired by Oracle in 2009 for $7.4 billion.