Compellent Announces Resolution of Xiotech Lawsuit.MINNEAPOLIS -- Compellent Technologies, a provider of modular, affordable storage solutions distributed exclusively through a select national network of business partners, today announced that the lawsuit lawsuit: see procedure; tort. with Xiotech has been resolved. The resolution provides a settlement of all claims brought by Xiotech against Compellent, as well as all claims brought by Compellent against Xiotech. "Compellent is extremely pleased to announce that this lawsuit has been satisfactorily resolved," said Phil Soran, president and chief executive officer of Compellent. "Throughout the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. we continued to grow a base of loyal and satisfied customers and we are looking forward to focusing all of our efforts on rapidly accelerating that trend." Compellent was founded in early 2002 by storage area network (SAN) pioneers Phil Soran, John Guider and Larry Aszmann to develop an easier, more cost-effective way for small and midsize businesses to store, manage and recover their data. Since its launch in February 2004, Compellent has attracted a national network of 60 business partners, more than 150 customers across a wide range of vertical markets, and widespread industry acclaim for its product's combination of sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. , flexibility and ease-of-use. In April 2005, Compellent secured an additional $15 million in financing led by new investor Centennial Ventures, bringing its total financing to more than $38 million. About Compellent Compellent delivers affordable, modular storage solutions exclusively through business partners that provide companies of all sizes enterprise-level storage capabilities without big system costs or complexities. Designed by network storage and virtualization An umbrella term for enhancing a computer's ability to do work. Following are the ways virtualization is used. Hardware Virtualization Partitioning the computer's memory into separate and isolated "virtual machines" simulates multiple machines within one physical computer. pioneers, Compellent enables any business to cut storage expenditures in half, recover from data hazards within minutes, scale to any capacity across any technology and easily manage its storage without adding staff. Headquartered in Eden Prairie Eden Prairie A city of eastern Minnesota, a residential suburb of Minneapolis. Population: 57,300. , Minn., Compellent has raised more than $38 million in financing from leading investors including Cargill Ventures, Centennial Ventures, Crescendo cres·cen·do n. pl. cres·cen·dos or cres·cen·di 1. Abbr. cr. Music a. A gradual increase, especially in the volume or intensity of sound in a passage. b. Ventures and El Dorado El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. Ventures. For more information, visit www.compellent.com. |
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