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Medea and Storage Concepts Merge

(August 07, 2001)
Medea Corporation and Storage Concepts, Inc., each involved in the design and manufacture of real-time disk storage subsystems for differing market segments, announced today that the companies have merged. The new company will be called Medea Corporation. Stuart Mabon will remain CEO of Medea and Martin Bock, formerly president of Storage Concepts, will assume the position of president of Medea.

In addition to maintaining its Westlake Village and Tustin locations, an experienced OEM sales team, with offices in Japan, US East Coast and Europe, now complements Medea's global channel sales organization. The engineering teams from each company specialize in the use of low-cost Ultra DMA disk drives in high-performance and mission critical storage subsystems. The merger will provide a broader range of products to Storage Concepts' customers and will strengthen Medea's leadership position in digital media storage.

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