ADIC Invests in Fibre Channel Leader.REDMOND, Wash.--(BUSINESS WIRE)--Sept. 10, 1997-- ADIC Partnership With Crossroads Systems to Offer Customers Fibre Channel Products for Storage Area Networks ADIC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADIC), a leading data storage supplier for client/server networks, today announced a strategic partnership agreement with Crossroads Systems, Inc., a leading provider of Fibre Channel interconnection solutions to developers and OEMs. ADIC will market Crossroads-developed products under the ADIC brand name, and it will act as a master distributor for Crossroads technology. Under terms of the agreement, ADIC has also invested $4 million in Crossroads and will hold a minority equity position in the company. The partnership with Crossroads will expand ADIC's market leadership position in data storage by allowing it to offer products to integrate a wide variety of storage devices with Fibre Channel networks. And it will provide Crossroads access to an installed base of more than 20,000 tape libraries in end-user sites with complex storage needs and an established worldwide network of channel partners and storage specialist resellers. Rapidly growing data volumes -- driven by the explosion of Internet, groupware Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. , email, and data mining applications -- is outstripping the capacity of networks to store, access, backup, and recover information. "Increasingly, separate Storage Area Networks using Fibre Channel technology is one of the most effective answers for transferring data between network servers and storage devices such as disk drives, RAID arrays, tape libraries and optical jukeboxes," 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. Michael Peterson The name Michael Peterson can mean:-
Fibre Channel networks offer high bandwidth and gigabit per second transfer capacities. They also allow data to be transferred over long distances -- up to 10,000 meters for a single connection -- without degrading performance. And they offer extremely flexible interconnection possibilities for large numbers of storage devices, along with lower administrative overhead, and easier scalability than other networking topologies. "We wanted to be an active participant in the Fibre Channel market because we believe that it is a superior way to handle data and represents the future of data storage," explained Peter van Oppen, 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. and chairman. "And we recognize that Crossroads holds a unique technology leadership position in this emerging industry, having developed the most advanced tools available for allowing existing data storage devices to be incorporated into Fibre Channel networks. This is a significant benefit to end-users who want migrate to the new technology but protect their current investment." Under the agreement, ADIC will provide worldwide marketing for Crossroads-developed products that provide connectivity between Fibre Channel networks and other network protocols. ADIC branded products will include automated tape libraries designed to be connected directly to Fibre Channel networks and separate network devices to allow connection between any Fibre Channel network and storage devices -- disk, tape, and optical -- from many manufacturers. Under the master distribution portion of the agreement ADIC becomes the principal source for Crossroads' reseller products -- including both board-level and external, standalone versions of its interconnectivity products designed for private label resellers and integrators. "Analysts expect the Fibre Channel market to grow to $10 billion by 2002, because it offers a superior solution for fundamental data storage problems," said Brian Smith Brian Smith is the name of:
"ADIC recognizes the increasing customer demand for Fibre-Channel based solutions and has chosen to partner with a leader in this industry," said Chuck Stonecipher, ADIC president. "Together we will be able to quickly bring industry-leading, Fibre-based solutions to our customers." About Crossroads Crossroads Systems, Inc. develops Fibre Channel bridges, routers and other interconnectivity tools for developers and 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. These solutions provide multi-protocol translation and system management for storage network access at Gigabit speeds, facilitating faster backups and truly scalable, manageable storage. Crossroads has a design center in Austin, Texas, and business offices in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . Contact Crossroads at 408/467-9320 or via the Internet at http://www.crossroads.com . About ADIC ADIC (Advanced Digital Information Corporation) has been providing storage solutions since its founding in 1983. It is the leading drive-independent supplier of automated tape storage libraries for client/server networks, with over 20,000 library units in the field. ADIC products are available with DLT (Digital Linear Tape) A magnetic tape technology originally developed by Digital for its VAX line. The technology was later sold to Quantum, which makes it available to other manufacturers. DLT uses half-inch, single-hub cartridges similar to IBM's 3480/3490/3590 line. , AIT/8mm and 4mm (DAT (1) (Dynamic Address Translator) A hardware circuit that converts a virtual memory address into a real address. See also DAT file. (2) (Digital Audio Tape) A magnetic tape technology used for backing up data. ) drive technologies, and are supported by every leading supplier of backup and HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. software products for all leading 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. . ADIC sells its products in conjunction with channel partners throughout the US, Canada, Europe and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . Corporate headquarters are in Redmond, Washington Redmond is a city in King County, Washington, USA. It is situated on the eastern edge of the Seattle urban area, in what is known as the Eastside. In 2003 the Census Bureau estimated the city population was 46,391. . ADIC can be reached at 800/336-1233 or via the Internet at http://www.adic.com . CONTACT: ADIC Peter van Oppen or Chuck Stonecipher, 425/881-8004 |
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