Credit Suisse Invests in COPAN Systems, Inc.; Credit Suisse Invests in Provider of Innovative MAID-Based Storage Solutions.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, the leader in intelligent enterprise-class MAID (Massive Array of Idle Disks In computing, a massive array of idle disks (more commonly known as a MAID) is a system using hundreds to thousands of hard drives for near-line data storage. MAID is designed for Write Once, Read Occasionally (WORO) applications. ) storage solutions, today announced that the company has received $17.5 million in new investment capital. COPAN's Series C round was led by Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. , with existing backers Austin Ventures, Globespan Capital Partners, Pequot Ventures, Pinnacle Ventures, and Horizon Technology Finance also participating. Since the company's inception, COPAN Systems has raised $56.5 million. Proceeds from this latest round of financing will be used to scale COPAN's commitment to "surround the customer" by supporting new product development initiatives, expanding COPAN's worldwide service delivery model, and increasing the number of field-based storage experts. All these efforts will further the company's goal of helping organizations attain the maximum business value from their digital assets. "Our Board is excited that one of the world's largest financial institutions endorses the customer's economic and technical benefits when deployed in a worldwide IT operation. Credit Suisse's investment reflects not only the strength of our product offering, but also the expertise and capabilities of our management team," said Basil Horangic, COPAN Systems Chairman of the Board and a general partner with Austin Ventures. "With this new financing, COPAN is accelerating our market presence and solution innovations. Our focus on customer intimacy will allow us to continue our first mover advantage as an innovator in MAID technology, and deliver industry-leading economic value propositions to our growing install base." "As a COPAN Systems, Inc. investor, we validated first hand their exceptional commitment to their customers. We selected COPAN because of their innovative product lines, unmatched price points, reduced environmental requirements, and outstanding customer service. Because of this overall value proposition, we are confident that investing in COPAN Systems will be a very good decision for us and our shareholders," said Wayne Nemeth of Alternative Investments at Credit Suisse. "Based on our knowledge of the Revolution 220T, we are convinced that Information Technology decision makers around the world will see the value of COPAN's solutions, and will implement them to consolidate their data protection and archive requirements." COPAN Systems' Revolution 200 series of products delivers massively scalable, reliable, and responsive disk-based storage solutions for backup/restore, archive, and disaster recovery applications at an affordable cost. MAID technology is particularly designed for the challenges of storing long-term data, and the infrequent access requirements of archive data. COPAN Systems products, which are based on an enhanced MAID platform, offer customers an innovative solution, that is, a new tier within their storage infrastructures. "COPAN Systems is thrilled to have the resources of Credit Suisse behind our customers and employees. We have made good on our promises to deliver the next tier storage platform for long-term intelligent data protection and archiving," said Mark Ward, 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. and President of COPAN Systems. "Our value proposition is simple -- deliver massive economic value through technology innovation and customer intimacy. We are fortunate to have a worldwide brand like Credit Suisse endorse our company and solutions." About Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking, and asset management services worldwide. Credit Suisse offers advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , comprehensive solutions, and innovative products to companies, institutional clients, and high net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Its parent company, Credit Suisse Group, is a leading global 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. company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN CSGN Cyber Sports Gaming Network (UK) CSGN coordinating subgroup for narcotics (US DoD) CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) ) are listed in Switzerland and, in the form of American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. ), in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Further information about Credit Suisse can be found at www.credit-suisse.com. About COPAN Systems COPAN Systems is the leading provider of intelligent enterprise-class MAID storage solutions that unlock the value of long-term data. The company is led by storage industry veterans from Hitachi Data Systems See HDS. , Sun/StorageTek, Dell, HP/Compaq, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , and others, and is privately held with investments by Austin Ventures, Globespan Capital, Pequot Ventures, Pinnacle Ventures, Credit Suisse, and Horizon Technology Finance, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . COPAN Systems' storage solutions have been shipping since March 2004, with customers spanning the healthcare, financial, government, media, and service provider industries. Solution implementations include backup/restore, archive, and disaster recovery. More information is available at http://www.COPANsys.com. |
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