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Tape Takes Off — Spectra Logic Achieves Year of Record Results

Spectra logoToday Spectra Logic announced record revenue and profitability results for fiscal year 2013, which ended June 30. As a consistently profitable company, Spectra Logic posted 16 percent year-over-year revenue growth, led by strong revenue growth of its flagship product, the Enterprise T-Finity tape library.

Data centers are extending tape’s usage beyond traditional backup and are rapidly deploying it within near-line, active archive, cloud and other emerging storage infrastructures,” added Thompson. “We expect the reinvigorated demand for tape to continue – and soon we’ll be unveiling exciting, new tape solutions that will bolster it further. Stay tuned!”

The trend toward ‘saving everything, forever’ is becoming more prevalent and shows no sign of reversing or slowing down. IDC reports eight percent year-over-year growth in aggregate shipments of midrange tape libraries with 100+ slots and enterprise tape libraries in calendar year 2012.

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