Aristos Logic Secures $15 Million Funding Round; Top Tier OEM Design Wins Provide Significant Momentum.FOOTHILL RANCH, Calif. -- Aristos Logic, the industry leader in RAID Storage Processor (RSP RSP right sacroposterior (position of the fetus). (TM)) technology, announced today that it has completed a $15 million Series F funding round. The round was led by a new strategic investor with participation from existing investors Panorama Capital (formerly JP Morgan Partners), TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général Ventures, Woodside Fund and QTV QTV QuickTime TV (Apple Computer, Inc.) QTV Queer Television QTV Quality Television (Philippine cable TV channel) QTV Qualified Through Verification (USDA) QTV Quran Television Capital. The round's increased valuation reflects the company's top tier design wins and the strength of the company's fundamental technology. The Aristos Logic RAID Storage Processor is a purpose built device designed to accelerate the storage data path. Reference designs couple the RSP with enterprise-class Aristos RAID software, and relieve OEMs of the burden of developing their own RAID functionality. Aristos RAID software provides both base RAID functionality and optional advanced features, while providing 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 customers a framework for integrating their differentiating storage management features. The modularity and scalability of the RAID Storage Processor architecture enables a leveraged development path to cost effective Serial ATA See SATA. Serial ATA - Serial Advanced Technology Attachment , Serial Attached SCSI See SAS. , Fibre Channel, and iSCSI based solutions. "Aristos Logic's design wins with multiple top tier storage OEMs and ODMs signals an important and inevitable storage industry shift towards partnering with third parties for standardized RAID functionality," said Steve Foster
Steve Foster (born 24 September 1957, Portsmouth, Hampshire, England) is a former English football player, famed for wearing a headband. of TPG Ventures, speaking on behalf of the existing investor group. "We are extremely pleased with Aristos' progress and are excited to share specifics publicly in the near-term. The Company's high-quality design wins and continued strong traction with multiple tier 1 storage vendors, solidifies our commitment to Aristos Logic and their vision," added Foster. "Similar to the transition that took place in the computing world, storage OEMs are adjusting their business models to meet the challenge of rapid technology changes and customer price-performance expectations. OEMs that have organically developed RAID in the past, are outsourcing RAID technology to trusted partners," said Anil Gupta Anil Gupta (born 1947, UK) is a comedy writer and producer. He has produced many shows on radio and television including Goodness Gracious Me, the spoof chat show The Kumars at No. 42, The Office and Bromwell High. , 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. of Aristos Logic. "Product launches by our customers over the next few quarters will elevate Aristos as a formidable player in the storage industry," stated Gupta. Headquartered in Foothill Ranch, California, Aristos Logic creates special-purpose processors and RAID software that bring new levels of performance, efficiency, features and cost-effectiveness to enterprise storage controllers for networked storage products. The company's dedicated RAID Storage Processors offer unbeatable price-performance for entry-level storage systems with scalability to mid-range systems. Aristos processors, together with Aristos software, provide a complete reference design, including both base level RAID functionality as well as advanced features that system vendors can use as a foundation for their own value-added systems. For further information, please visit our Web site at www.aristoslogic.com. |
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