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Spectra Installs 550 Petabytes Tape Capacity in Just Six Months

With the rise of Big Data and increasing emphasis on data-intensive computing, you may be wondering how the tape vendors are doing. Well, very well, thank you, as evidenced by Spectra Logic’s announcement that that the company installed more than half an exabyte of tape storage capacity in the past six months alone. With revenue up 9 percent year-over-year, the company has a very bullish outlook indeed.

Our financial strength combined with strong growth in the file archive market is enabling us to invest significantly in R&D, which will be reflected in a strong slate of new products and technologies this coming year. In fact, over the next 12 months we plan to launch a large number of new data storage products – more than were released in the past five years combined,” said Nathan Thompson, Spectra Logic’s chief executive officer. “The value of tape technology and its essential role in today’s modern data centers is indisputable for both traditional backup as well as the tape-based file archive market. This value is recognized and embraced by leading organizations worldwide – and is reflected in Spectra Logic’s consistent growth and momentum.”

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