ADIC's 470% Five-year Growth Rate Earns 3rd Consecutive Listing as One of Washington's Fastest Growing High Tech Companies.REDMOND, Wash.--(BUSINESS WIRE)--Oct. 5, 1999-- Advanced Digital Information Corporation (Nasdaq:ADIC) today announced that it has been recognized as one of the 50 fastest-growing high technology companies in Washington state. The company's five-year revenue growth rate of 470% placed it 25th in Deloitte & Touche's Washington High Technology Fast 50 rankings. ADIC, which became an independent corporation at the end of 1996, has appeared on the Fast 50 list three years in a row -- in all of the years it was eligible for the listing. The Deloitte & Touche Fast 50 listing is designed to acknowledge leadership among the state's technology companies with the highest sustained growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. over the last five years. ADIC's current annual revenue, based on current run rates, is over $225 million with revenue in the last fiscal quarter (ending July 30) of just over $57. ADIC is one of the world's leading suppliers of data storage solutions for client-server computer networks. It has an installed base of more than 45,000 automated tape libraries, and an expanding suite of specialized storage management software tools designed to help companies protect, organize, and share information. The company has recently announced a strategic investment in @Backup, a leading supplier of online backup Using the Web to store copies of data for backup. There are numerous providers on the Internet that charge for storage, and fees are typically based on capacity. Online backup services provide offsite backup, which is essential for disaster recovery. See backup types. services, and the acquisition of CentraVision, software that allows the kinds of very large files associated with video and film editing to be shared among users over Fibre Channel Storage Area Networks (SANs). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. ADIC CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Peter van Oppen, "We're proud to have received Fast 50 recognition in each of our first three years as an independent, publicly held company. We are committed to expand our innovative data management solutions for organizations facing an explosion in the volume and value of their data due to internal growth, increased Internet communications, or e-business conversion. Our continued success demonstrates both the strength of our team and the momentum of our market." About ADIC With more than 45,000 automated tape libraries installed and a suite of innovative software solutions and Storage Area Networking (SAN) products, ADIC is a leading global provider in the growing market to manage and protect information for computer networks. Marketed under ADIC and ADIC/GRAU brands and the brands of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners, including Dell, Exabyte and Unisys, automated tape libraries are available with DLTtape, D2, half-inch, AIT, and 4mm tape technologies, and are supported by leading backup and storage management software products for Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. , UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , and mainframe operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . The Company's own storage management tools include AMASS (Archive Management And Storage System) Tape management software for Unix from Quantum Corporation, Colorado Springs, CO (www.quantum.com). Originally developed by ADIC, AMASS makes the tape library look like an infinite disk drive to the application. (R) and CentraVision(TM), software products which provide users shared access to network data. A pioneer in Storage Area Networks, ADIC's Open SAN solutions combine open-system SAN hardware and software with installation services and single-call support. Further product information is available via the Internet at www.adic.com. ADIC, AMASS, and CentraVision are trademarks of Advanced Digital Information Corporation. All other product, trademark, company, or service names mentioned herein are the property of their respective owners. |
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