Crossroads Announces Acquisition of Tape Laboratories, Inc.; Market Leaders Deliver Comprehensive, Enterprise-Class Solutions for Business Information Assurance.AUSTIN, Texas -- Crossroads Systems, Inc. (Pink Sheets:CRDS CRDS Contribution pour Le Remboursement de la Dette Sociale (French: Social Debt Repayment Contribution) CRDS Cavity Ring-Down Spectroscopy CRDS Community Rehabilitation and Disability Studies ), leading provider of Business Information Assurance solutions for guaranteed access, resiliency and security of enterprise information, today announced the acquisition of Tape Laboratories, Inc. (TapeLabs), with headquarters located in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , California. TapeLabs' impeccable history of successful implementations throughout top-tier financial services, healthcare and telecommunications organizations provides Crossroads with the opportunity to expand its Business Information Assurance family of solutions into new markets -- benefiting from TapeLabs' established customer base, which includes recognized leaders such as Hewlett-Packard, Sun/StorageTek and Quantum. "The acquisition of TapeLabs is an exciting growth opportunity that enables Crossroads to introduce an enhanced portfolio of solutions to unexplored market segments," said Rob Sims, 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 Crossroads. "TapeLabs has more than 16 years worth of expertise as a full-service developer and supplier of feature-rich storage solutions that utilize the latest in SAN, NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular , iSCSI, 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. , RAID, Virtual Tape, and storage virtualization technologies. The company has a keen appreciation of user needs and the innate ability to effectively translate user requirements into compelling solutions for the HP NonStop(TM), Unix, Microsoft(TM), Linux, and OS/400(TM) markets. Their dedication to customer service and product development greatly complements Crossroads' commitment to providing best-of-class Business Information Assurance solutions to the market." Since 1990, TapeLabs -- an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified company -- has pioneered the delivery of full-featured tape backup, archive and recovery, and sophisticated emulation solutions to enterprise users, OEMs and system integrators. The company has a rich history and core competency of developing high value-add solutions such as data compression, tape arrays, interface emulation, and disk-based virtual tape solutions. "Crossroads' focus on assuring the continuous viability of data is consistent with TapeLabs' mission from our very beginning," said Brian Ignatin, TapeLabs' Chief Executive Officer. "Our reputation has been built around providing solutions to large-scale enterprises, ensuring the information they need is safe and readily available to them. As part of the Crossroads family, we will be able to extend our reach into more markets, giving us greater opportunities and presenting additional companies with the tools they need to protect their data today and for future as their requirements grow." TapeLabs' employees, solutions and brand will be integrated as Tape Laboratories, Inc., a Crossroads Company. About Tape Laboratories, Inc. Tape Laboratories, Inc. (TapeLabs) is a 16-year-old, ISO- iso- or is- pref. 1. Equal; uniform: isobar. 2. Isomeric: isopropyl. 3. 9001-certified company that has pioneered the delivery of full-featured tape backup, archive, recovery, and sophisticated emulation solutions to enterprise users, OEM's and system integrators. TapeLabs has a rich history and core competency of developing high value-add solutions including data compression, tape arrays, interface emulation, and disk-based virtual tape solutions. TapeLabs has been successful as a full-service developer and supplier of feature-rich storage solutions by utilizing the latest in SAN, NAS, iSCSI, SATA, RAID, Virtual Tape, and storage virtualization technologies. The company has a keen appreciation of user needs and the innate ability to effectively translate user requirements into compelling enterprise solutions for the HP NonStop(TM), Unix, Unisys, Linux, OS/400(TM) and Microsoft(TM) markets. For more information, please visit: www.tapelabs.com. About Crossroads Systems, Inc. With headquarters in Austin, Texas, Crossroads Systems is a leading provider of Business Information Assurance solutions. Crossroads solutions serve the growing data storage, business continuity, disaster recovery, information security and business information assurance markets and are designed to help companies store, manage and ensure the security, resiliency and accessibility of their data. Crossroads products are in solutions from companies such as 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. , HP, Quantum and SUN, and are distributed through partners such as ACAL ACAL Asociación de Archiveros de Castilla Y León (Castille and Leon, Spain) ACAL Academia de Ciencias de América Latina (Spanish: Academy of Sciences of Latin America, Venezuela) , Bell Micro, Info-X, and Promark. Crossroads (CRDS.PK) is currently traded on the Over The Counter ("OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ") Bulletin Board. Crossroads is a member of the Storage Networking Industry Association An association of producers and consumers of storage networking products, whose goal is to further storage networking technology and applications. The Storage Networking Industry Association, or SNIA (SNIA (Storage Networking Industry Association, San Francisco, CA, www.snia.org) An organization devoted to the advancement of mission critical storage systems. Founded in 1997, its goal is to determine the standards that must be developed to allow hosts and storage systems to interact via ). For more information about Crossroads Systems, please visit www.crossroads.com or call 800-BUY-CRDS / 800-643-7148. Forward-Looking Statements This release may include forward-looking statements. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Crossroads are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Crossroads, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. (C) 2006 Crossroads Systems, Inc. Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. SecurDB and SPIE SPIE International Society for Optical Engineering SPIE Society of Photo-Optical Instrumentation Engineers SPIE Source Path Isolation Engine SPIE Special Purpose Insertion Extraction SPIE Software Process Improvement Experimentation SPIE Standard Protocols in Effect are trademarks of Crossroads Systems, Inc. All specifications are subject to change without notice. |
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