CaminoSoft Corp. Signs Licensing and Distribution Agreement With Novell, Inc.Business Editors WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Nov. 2, 2001 CaminoSoft Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMSF CMSF Canadian Merit Scholarship Foundation CMSF Canada Millennium Scholarship Fund CMSF Chief of Mission Systems Flight CMSF Congregation of the Missionaries of St Francis ) today announced that it has entered into a licensing and distribution agreement with Novell, Inc., that allows Novell and its distribution channel to sell CaminoSoft's suite of Intelligent Capacity Management(TM) software solutions. CaminoSoft solutions create intelligent data storage infrastructures by facilitating data storage, retrieval, protection, and performance measurement. Jeffrey T. Hawkins, Vice President of Storage Services at Novell, stated, "Storage and storage management is rapidly becoming the number one problem for most businesses. With the new features and functions of NetWare 6 and the ability to include solutions such as CaminoSoft's Intelligent Capacity Management with our product offerings, we feel we can provide customers complete solutions for handling data from creation to archive. "CaminoSoft's products provide automated data storage management of less frequently used and historical data sets, enabling users to keep the focus on critical business systems and production data -- a valuable asset to any IT department." Sam Hassabo, President of CaminoSoft Corp., said, "The agreement with Novell will provide us with access to Novell's sales force, and its recently acquired technical consulting group Cambridge Technology Partners. International Data Corp. estimates that worldwide spending on disk storage systems will be approximately $22 billion by 2004. "The agreement with Novell and the recent release of our Windows 2000 version gives us an advantage in gaining market share now with our storage system solutions. Our Intelligent Capacity Management(TM) products provide our clients with the ability to differentiate production data from reference and historical data while improving network management, data protection and disaster recovery. "We feel with the exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. of data, the time for our multi-tiered 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. technology is now. We provide users with the ability for intelligent storage infrastructure planning, and future storage needs. We also add an upgrade path for legacy hardware and software systems providing immediate cost savings and return on investment. Our products were originally developed in conjunction with the NetWare platform. We have continued our support and development on the NetWare platform and are very proud to be included as a development and solution provider for the latest Novell NetWare (operating system, networking) Novell NetWare - Novell, Inc.'s proprietary networking operating system for the IBM PC. NetWare uses the IPX/SPX, NetBEUI or TCP/IP network protocols. It supports MS-DOS, Microsoft Windows, OS/2, Macintosh and Unix clients. 6 platform. "We look forward to working with Novell's sales team to expose this technology to their current and future base of clients. We are poised to take advantage of this tremendous opportunity and look forward to a successful partnership with Novell." About CaminoSoft CaminoSoft Corp. is a creator of proprietary hardware and operating software solutions designed to store and manage the vast quantities of critical data constantly created in a wide range of businesses and industries. CaminoSoft's enterprise data migration software (Intelligent Capacity Management(TM)) has enabled corporations worldwide to effectively manage their data and maintain high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. at low cost with a quick return on investment. CaminoSoft's suite of data storage and management products are designed to serve the burgeoning needs of global e-commerce and the digitizing "Digitizer" redirects here. For the computer device, see Digitizing tablet. For the digitizer in Tablet PC's, see Tablet PC. Digitizing or digitization of business processes. This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that reflect the management's current views of future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc regulatory action, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and competing products. Any changes in such assumptions or external factors could produce significantly different results. |
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