ADIC Recognized Among 'Supercharged Ten' By Forbes Magazine.REDMOND, Wash.--(BUSINESS WIRE)--Oct. 26, 1999-- Advanced Digital Information Corporation (Nasdaq:ADIC) today noted its inclusion in a special listing of "The Hot Ones -- Ten Supercharged su·per·charge tr.v. su·per·charged, su·per·charg·ing, su·per·charg·es 1. To increase the power of (an engine, for example), as by fitting with a supercharger. 2. Companies Poised for Growth," a part of Forbes Magazine's ranking of the 200 best small companies in America. This news comes on top of the company's recent successful $136 million secondary stock offering, as well as the successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. of Crossroads Systems, Inc. (Nasdaq:CRDS CRDS Contribution pour Le Remboursement de la Dette Sociale (French: Social Debt Repayment Contribution) CRDS Cavity Ring-Down Spectroscopy CRDS Community Rehabilitation and Disability Studies ) which is partly owned by ADIC. "This has been an exciting 30 days for the company," noted 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. "Our secondary stock offering raised approximately $136 million in late September, further confirming investor's faith in our future. During October, the IPO of Crossroads Systems demonstrated that our $4 million investment in August, 1997 has a current market value between $150-$200 million, representing approximately 10 percent of their outstanding shares. Finally, last week Forbes Magazine recognized our excellent sales and earnings growth, designating us one of the `Ten Supercharged' among their annual ranking of the 200 Best Small Companies in America." 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. the article in Forbes Magazine, "To qualify for the 200 list, every company must jump over some tough financial hurdles. [In the Supercharged Ten List] we feature a more select crop of companies that pass an even tougher screen. The goal: identify which of the 200 have the best chance of succeeding in the year ahead." 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 Internet-based backup and data access service company, 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). About ADIC ADIC provides hardware and software data storage solutions to the open systems marketplace. With automated tape libraries installed in a wide variety of industries, as well as open systems software solutions and Storage Area Networking (SAN) products, ADIC is a global provider in the growing market to manage and protect information in computer networks. Marketed under ADIC 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 partner brands, including Dell, Exabyte and Unisys, the Company's automated tape libraries utilize a variety of tape and optical storage devices and are supported by over 50 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. and UNIX operating systems Noun 1. UNIX operating system - trademark for a powerful operating system UNIX, UNIX system operating system, OS - (computer science) software that controls the execution of computer programs and may provide various services . ADIC'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, software products which provide users with shared access to network data. ADIC's Open SAN solutions combine open-system SAN hardware and software with installation services and single-call support. Further 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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