Crossroads Supports VERITAS VERTEX Initiative; Partnership Includes Support for New VERITAS NetBackup ServerFree Agent.Business Editors & High-Tech Writers VERITAS VISION2000 LAS VEGAS--(BUSINESS WIRE)--Oct. 24, 2000 Crossroads Systems Inc. (Nasdaq: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 ), the leading developer and manufacturer of storage routers See data mover. for Storage Area Networks (SANs), today announced support for the VERITAS VERTEX(tm) Initiative. This announcement includes use of Crossroads 4x50 Storage Routers with NetBackup(tm) 4.0V and the VERITAS NetBackup ServerFree Agent, a VERITAS VERTEX Initiative solution that delivers server-free backup directly from disk to tape in a storage area network. By teaming with VERITAS Software Veritas Software Corp. was an international software company that was founded in 1983 as Tolerant Systems, renamed Veritas Software Corp. in 1989, and merged with Symantec in 2005. It was headquartered in Mountain View, California. (Nasdaq:VRTS VRTS Veritas Software (stock symbol) VRTS Verification Requirements Tracking System ), The Data Availability Refers to the degree to which data can be instantly accessed. The term is mostly associated with service levels that are set up either by the internal IT organization or that may be guaranteed by a third party datacenter or storage provider. Company, in the early stages of the VERITAS VERTEX Initiative, Crossroads is able to take advantage of its data movement capabilities designed to optimize the new VERITAS NetBackup ServerFree Agent offered with VERITAS NetBackup 4.0V. Today's "storage explosion" places increasing demands on enterprise server and network performance. By offering solutions such as server-free backup, VERITAS Software and Crossroads provide SAN users the ability to offload To remove work from one computer and do it on another. See cooperative processing. backup tasks from the server so more resources can be dedicated to business-critical applications. This allows businesses to use their networks more efficiently, requiring fewer servers to do the same amount of work. The ability to leverage customer investments in SAN infrastructures is one of the ways server-free backup helps customers extend their IT investments. "Crossroads and VERITAS Software have partnered to provide users with better storage solutions and a broad range of functionality," said Larry Sanders For the television show and fictional character, see . Larry Sanders (born in New York) is an Oxfordshire County Councillor. He has lived in Oxford since 1969. He was trained professionally as a social worker and lawyer. , president and COO of Crossroads. "Strong alliances with top software providers like VERITAS allow Crossroads to stay at the forefront of SAN solution efforts, making data availability more reliable for users, while at the same time reducing the total cost of ownership." Companies rely on backup systems to protect and store essential corporate information and count on it being readily available. By turning to Crossroads and VERITAS for solutions that are not only compatible with legacy infrastructures but also provide the latest functionality, corporations can implement SANs that accommodate specific storage needs at any stage of data growth. "VERITAS Software and Crossroads are focused on providing products that are interoperable with a variety of existing and future storage solutions," said Neal Ater, senior vice president, Data Protection Product Group, VERITAS Software. "With an advanced combination of snapshot and highly evolved data-movement technologies, Crossroads and VERITAS Software provide the enterprise a more complete solution for data protection." SANs provide dynamically growing enterprises with increased flexibility for expanding and sharing data. SANs also transfer bandwidth-intensive data movement activity off IP networks. Strong business alliances between storage management suppliers, like the relationship between Crossroads and VERITAS Software, provide customers with a wide range of robust, interoperable solutions that take advantage of SAN topology, technology and extensibility. In addition to supporting the VERITAS VERTEX Initiative, Crossroads has aligned with VERITAS Software to provide several other solutions for ensuring data availability: -- Crossroads is developing a new line of Extended Storage Routers connecting Fibre Channel to Asynchronous Transfer Mode (ATM) protocol, thus providing connectivity between SANs across Wide Area Networks (WANs). Crossroads' Extended Storage Routers, coupled with products such as the VERITAS Data Replication product family provide customers with methods for ensuring business continuance through remote data protection and availability. -- Recently, Crossroads demonstrated server-free backup capability over early InfiniBand(sm) technology. InfiniBand is the next-generation, standards-based switched interconnect designed to boost data transfers. It enables higher performance, connectivity improvement, and more reliable, available and scalable communication between servers, storage and networks. Crossroads is a member of the InfiniBand Trade Association, and continues to develop industry standards in InfiniBand. Crossroads and VERITAS Software will demonstrate storage solutions on Oct. 22-26, 2000, at VERITAS VISION(tm)2000, the fourth annual VERITAS Worldwide User's Conference, held at the Bellagio Hotel and Resort in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nev. About Crossroads' Storage Routers Crossroads' family of storage routers provide multi-protocol connectivity to Fibre Channel Storage Area Networks for a wide range of devices, including servers, S/390 mainframes, and disk and tape storage systems. Crossroads' solutions deliver exceptional value to both small and mid-sized companies, as well as large Global 500 enterprises. About Crossroads Systems Inc. Headquartered in Austin, Texas, Crossroads Systems (Nasdaq:CRDS), is the leading provider of enterprise data center routing solutions for open system Storage Area Networks including S/390 connections. Crossroads' solutions enable key Internet, Intranet and e-commerce applications. By using Crossroads, customers can more effectively and efficiently store, manage and ensure the integrity and availability of their data in the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . Crossroads' products are in solutions from ADIC, ATL (Active Template Library) A set of software routines from Microsoft that provide the basic framework for creating ActiveX and COM objects. Stemming from the standard template library (STL) that comes with C++ compilers, ATL includes an object wizard that sets up , Compaq, Dell, Fujitsu-Siemens, Hewlett-Packard, Hitachi Data Systems See HDS. , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , McDATA, StorageTek, Unisys, Bell Micro, Cranel, Datalink, and Tech Data. Crossroads is a voting 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 ) and the InfiniBand(sm) Trade Association. For employment opportunities of a lifetime and more information about Crossroads Systems, please visit www.crossroads.com or call 800/643-7148. 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. This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: Crossroads' limited operating history which makes it difficult to accurately predict revenues and budget for expenses for future periods; the extent of Crossroads' future operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. and negative cash flow; the impact on Crossroads' result on operations due to changes in the Securities and Exchange Commission's accounting standards, including the implementation of SAB 101, with respect to revenue recognition; the dependence of Crossroads' business on the storage area network market which is new and unpredictable; Crossroads' ability to develop new and enhanced products that achieve market acceptance; the continuation of Crossroads' successful relationships with its limited number of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers; Crossroads' ability to retain and recruit key personnel to manage its business successfully; the quarterly fluctuations of Crossroads' operating results; Crossroads' ability to successfully achieve the benefits of the acquisition of Polaris Communications and any subsequent acquisition or strategic relationship; and that Crossroads' stock price could be volatile regardless of Crossroads' actual financial performance and other factors detailed in Crossroads' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Report on 10-Q. VERITAS, VERITAS Software and all VERITAS product names are trademarks or registered trademarks in the U.S. and/or other countries |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion