As storage resource management (SRM) software vendors Precise Software Solutions (Nasdaq: PRSE) and Overland Storage Inc. (Nasdaq: OVRL) release enhanced versions of their software, they say they're getting more traction as enterprises look for ways to maximize their existing storage capacity.
SRM software, which lets administrators monitor and control storage utilization, is supposedly one of the most rapidly expanding sectors of the storage software market. IDC pegs the current market at $1.8 billion, growing to $4.6 billion by 2006 (see IDC Projects SRM Growth).
Now, vendors says, interest among end users in SRM tools is increasing markedly, especially as big players like IBM Corp. (NYSE: IBM) and Veritas Software Corp. (Nasdaq: VRTS) enter the space. IBM last year bought SRM developer TrelliSoft; and Veritas is in the midst of acquiring Precise, a deal that is expected to close early in the second quarter (see Veritas Gets Precise and IBM Snaps Up TrelliSoft).
"Customers are saying, 'Don't give me more hardware -- give me the tools to manage it better,' " says Steven Toole, VP of marketing and business development for Precise's SRM division. Precise itself is a relatively recent entrant to SRM, having bought W. Quinn Associates, one of the first vendors to address the market, in September 2001.
Now Precise has developed support for Network Appliance Inc. (Nasdaq: NTAP) filers, extending its ability to monitor NAS beyond Microsoft Corp.-based systems.
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