COPAN Systems Enters 2009 with Strong Market Momentum Driven by Increased Customer Demand for Persistent Data Storage.Emerging Data Storage Leader Finishes 2008 with a 40% increase in sales as well as an Expanded Customer Base and Partner Ecosystem across Key Vertical Markets and Geographies LONGMONT, Colo. -- COPAN Co·pán A ruined Mayan city of western Honduras that flourished from c. 300 b.c. to a.d. 900. The ruins include the Hieroglyphic Stairway with nearly 2,000 glyphs. Systems, Inc., the industry leader in cost-effective storage solutions for the protection and management of Persistent Data Data that exists from session to session. Persistent data are stored in a database on disk or tape. Contrast with transient data. See persistent name. , today announced strong results for year end 2008 in multiple areas of its business including: customer growth, vertical markets expansion, partner ecosystem growth, and massive growth in volumes of storage under management. The announcement coincides with this week's news (http://copansystems.com/news/press_releases.php?press_id=94) that the company received $18.5 million in new capital funding. "We're very proud of what we accomplished in 2008 in a very difficult business environment," said Mark Ward, president and 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 COPAN Systems. "Our performance reflects the strength of our team and the significant cost and environmental benefits our solutions deliver for customers. With the current economic environment and the increased focus on "real" operational cost savings, we expect to continue to see strong demand for our technology through 2009 and beyond." Data centers and data storage are prime targets for cost and energy reductions. 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. InfoPro, a leading technology research analyst firm, forty percent of power consumption in today's data center is utilized for storage. COPAN Systems specializes in storing fixed, long-term, infrequently-accessed data, also known as Persistent Data. This Persistent Data represents more than 75 percent of all data currently under management. COPAN's Enterprise MAID technology platform, purpose-built for the cost-effective and energy-efficient storage of persistent data, delivers significant user benefits. Users can save 85 percent on power and 70 percent on data center space with COPAN versus traditional storage systems. The company leveraged this strong value proposition to strengthen key areas of its business in 2008: Growing Customer Base across Key Vertical Markets In 2008, COPAN saw a 40% sales increase and a strong adoption of its technology solutions in healthcare, media & entertainment, technology, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and government. The company now has over 250 persistent data storage solutions installed in 18 different countries including the largest archiving and data protection implementations in the world. Current implementations of COPAN's Enterprise MAID technology solutions include: * Financial Services: Two major financial exchanges in the U.S. protecting and archiving over 3PB's of secure trading data, and four major institutional banks in the U.S., Europe and Japan protecting and Deduplicating over 10PB's of data. * Healthcare - A large multi-national pharmaceutical company, two national health systems in Europe, three regional medical centers in the U.S. and a major healthcare services company in the U.S. COPAN is the data protection architecture for the world's largest healthcare IT project, we currently support over 2.5PB's of data protection storage. * Media & Entertainment - A large national media services provider in the U.S., two leading online social application service providers, two of the largest Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs) in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , a global leader in consumer entertainment, and the world's #1 game development and electronics provider. * Government - Large implementations for Intelligence, defense, police, airport security, healthcare, energy, and government agencies in the U.S., U.K., Australia, Germany, France and Japan, * Global 1000 - Large implementations at multi-national corporations in consumer electronics, manufacturing, and telecommunications. Expanding Partner Ecosystem COPAN also expanded its partner strategy and ecosystem in 2008, including: * A new service partnership with IBM's global services team, * A strategic relationship with Quantum Corp., the leading global specialist in backup, recovery and archive. The combined COPAN-Quantum solution delivers a file-based archive data management system for unstructured data Data that does not reside in fixed locations. Free-form text in a word processing document is a typical example. Contrast with structured data. See free-form database. that allows organizations to store and share a high-speed pool of digital assets including media content and captured data. * A technology partnership with ByCast inc., the standard for high performance storage software based on the next generation grid computing grid computing, the concurrent application of the processing and data storage resources of many computers in a network to a single problem. It also can be used for load balancing as well as high availability by employing multiple computers—typically personal technology scaling fixed content and unstructured data archives to Petabyte One quadrillion bytes (one trillion kilobytes). Also PB, Pbyte and P-byte. See peta, binary values and space/time. (unit) petabyte - 2^50 = 1,125,899,906,842,624 bytes = 1024 terabytes or roughly 10^15 bytes. 1024 petabytes is one exabyte. scale. Strengthening Channel Development The company expanded its channel partner program in the U.S. and abroad to extend its reach in the market. Some of the highlights include: * The launch of a new International Channel Partner Program that expands COPAN's ability to deliver its patented MAID technology embedded Inserted into. See embedded system. into COPAN's persistent data storage solutions to enterprise customers worldwide. * A new agreement with Promark Technology, a premier value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. distributor in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , which extends COPAN's penetration into the government market beyond its current 700 percent growth rate in the Federal sector since 2006. Promark will distribute COPAN's solutions to value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. (VARs) in the federal government market making it easier than ever for government agencies to leverage COPAN's technology. * COPAN also established channel partnerships with Forsythe and Razor Tech in the U.S., Eurodys and COMPAREX in Europe, Nox and CTC CTC - Cornell Theory Center in Japan, and Dataflex in Australia. Ongoing Product Innovation COPAN also continued its commitment to technology innovation in 2008 evidenced by a number of product-related highlights, including: * The receipt of five new patents, adding to an existing portfolio of patents covering packaging, interconnect, background processing Processing in which the program is not visibly interacting with the user. Earlier personal computers used operating systems that ran background tasks only when foreground tasks were idle, such as between keystrokes. , and data integrity checks. In an industry where storage density, energy efficiency, scalable performance, and system reliability are paramount, these new patents drive COPAN Systems technology beyond traditional metrics and ahead of the competition. * The launch of COPAN's new "Persistent Data Discovery Tool" helps organizations better identify and target the vast amounts of persistent data in their storage networks and the massive economic and environmental costs associated with storing it. * Introduction of the COPAN Systems Revolution 100T Remote Office Branch Office (ROBO) offering, a new solution with Deduplication capabilities that delivers a fast, reliable and secure back up for remote offices. Combined with its intelligent replication and highly scalable Revolution 300T system with Enterprise MAID technology at the primary or disaster recovery data center, the new system provides an enterprise wide disaster recovery solution that cost effectively meets growing recovery report objective (RPO RPO Recruitment Process Outsourcing RPO Recovery Point Objective (disaster recovery) RPO Royal Philharmonic Orchestra RPO Rochester Philharmonic Orchestra RPO Representative Poetry Online RPO Railway Post Office ) and recovery time objective (RTO (Recovery Time Objective) The amount of time a computer system or application can stop functioning before it is considered intolerable to the enterprise. It can be computed to be from seconds to days, depending on how critical the application is to the organization. ) service level agreements. * A number of enhancements to its Revolution 300 Series Platform providing increased performance and capacity to what was already and continues to be the industry's densest and most cost effective storage solution for the long-term storage, protection and retrieval of persistent data. * Enterprise SATA (Serial ATA) A serial version of the ATA (IDE) interface, which has been the de facto standard hard disk interface for desktop PCs for more than two decades. The original Parallel ATA (PATA) interface was launched in 1986. drive reliability increases with COPAN's MAID technology in each of the Revolution 300 series products. Massive Amounts of Enterprise Information Under Management COPAN's customers have implemented its persistent data solutions to dramatically reduce their storage capital and storage operating budgets Noun 1. operating budget - a budget for current expenses as distinct from financial transactions or permanent improvements budget items, operating cost, operating expense, overhead - the expense of maintaining property (e.g. (data center footprint, cooling, power consumption, and maintenance costs) by 90%, while improving reliability and information availability. Some key metrics in 2008 include: * Over 80 Petabytes (PB) of Persistent Data storage solutions shipped to some of the world's largest organizations. * The world's largest scaling Data Protection and Deduplication solutions installed with individual site installations consisting of over 4PB's of data. * The petascale implementation of Petabyte archive solutions, Petabyte 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. solutions, and Petabyte Disk to Disk (D2D (Disk-to-Disk) Typically refers to backing up data on disks rather than on tape. Disk-to-disk backup systems provide a very fast restore capability compared with tape backup. See D2D2T and virtual tape. ) data protection systems. * Data center cost savings realized - multiple customers saving over $1m per year in power, cooling and space, with the 90% reduction in energy consumed by COPAN's Persistent Data solutions vs. previously installed Transactional systems, as well as a 200% reduction in maintenance costs. About COPAN Systems COPAN Systems provides the industry's only purpose-built Persistent Data storage platform for cost-effective management, storage, access and recovery of Persistent Data for Global 5000 companies challenged with managing the cost and complexities of accelerated data growth. With the only Enterprise MAID OS in the world, COPAN Systems provide operative best practice for the long-term storage, protection and retrieval of persistent data. The Enterprise MAID architecture dramatically reduces power, cooling and floor space costs in the data center. Expanding to well over 8 PB within a single chassis, COPAN Systems delivers unmatched density and scalability for large enterprise environments, including healthcare, financial, government, media and service provider industries. |
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