The story
In 1969 four former IBM engineers—Jesse Aweida, Juan Rodriguez, Thomas S. Kavanagh, and Zoltan Herger—founded the Storage Technology Corporation. The headquarters was in Louisville, Boulder County, Colorado.
In the 1970s, StorageTek launched its Disk Products division. After a failed attempt to develop an IBM-compatible mainframe, and an optical disk product line, the company filed for Chapter 11 bankruptcy protection in 1984. Starting in 1987, new management invested in an automated tape library product line that "picked" tapes from a silo-like contraption with a robot arm. StorageTek emerged as a dominant player in that market.
StorageTek acquired Documation (1980), Aspen Peripherals Corporation (1989), Network Systems Corporation (1995), and Storability (2005).
Storage Technology Corporation was officially renamed "StorageTek" in 1983.
Sun Microsystems
In June 2005, Sun Microsystems, Inc. announced it would purchase StorageTek for US$4.1 billion in cash, or $37.00 per share. In August 2005, the acquisition was completed.
Sun shifted employees to its Broomfield, CO, campus and subsequently vacated the Louisville campus circa 2007, marking the end of the firm's significant physical presence in the area. The 432-acre campus was sold by Sun to ConocoPhillips in 2008.
Oracle
On January 27, 2010, Sun was acquired by Oracle Corporation for US$7.4 billion. The StorageTek product line was renamed Oracle StorageTek.
From Wikipedia’s article on StorageTek, shared under CC BY-SA 4.0.4