Local R&D Operation Changes Hands ; Xiotech Corp.'S Purchase Keeps High-Paying Jobs in Springs

Summary

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A Minnesota company that produces information storage equipment used in data centers has acquired a 100-employee research and development operation in Colorado Springs from Seagate Technology LLC.

The purchase by Eden Prairie-based Xiotech Corp. keeps 100 high- paying jobs in the Springs that were in danger if Seagate hadn't found a buyer for the operation, said Kara Roberts, vice president of local industry for the Colorado Springs Economic Development Corp.

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Extract

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Local R&D Operation Changes Hands ; Xiotech Corp.'S Purchase Keeps High-Paying Jobs in Springs

"This is definitely good news that this division is staying here with a new direction and momentum. These are the types of jobs we ...

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