Crossroads Systems Names New CFO.

Business Editors & High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--Jan. 6, 2003

Crossroads Systems Inc. (Nasdaq:CRDS) a leading global provider for storage networking solutions, today named Andrea Wenholz vice president and chief financial officer.

Wenholz replaces Reagan Y. Sakai, who resigned as the company's chief financial officer effective Jan. 6, 2003.

Prior to joining Crossroads, Wenholz served as the U.S. Controller for ParthusCeva (Nasdaq:PCVA) following its acquisition of Chicory Systems, where she held the role of chief financial officer. Wenholz previously had served as a Business Unit Controller for Cisco Systems after Cisco acquired NetSpeed. Wenholz started her career at KPMG and has 15 years of financial and accounting experience. She is a CPA and holds a BBA from Texas A&M University.

"We are pleased to welcome Andrea to Crossroads and feel that her experience with growing companies and her leadership will be a valuable asset to our executive management team at this time," said Brian R. Smith, Crossroads chairman and chief executive officer. "During his tenure as chief financial officer, Reagan made significant contributions to our company and we wish him well."

About Crossroads Systems Inc.

With headquarters in Austin, Texas, Crossroads Systems is a leading global provider for storage networking solutions. Crossroads' products are in solutions from leading companies such as Fujitsu-Siemens, Hewlett-Packard (which includes Compaq), and StorageTek, and are distributed through partners such as ARROW, Datalink and Tidal Wire. Crossroads is a voting member of the Storage Networking Industry Association (SNIA). For more information about Crossroads Systems, please visit www.crossroads.com or call 800/643-7148.

Forward-Looking Statements

This release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements discuss Crossroads anticipated financial results and the impact the executives discussed in the release may have on the future success of the Company. 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. The information provided in this press release is current as of the date of its publication. Crossroads expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances on which those statements are based, unless otherwise required by law. For a discussion of the risk factors that could affect Crossroads, see "Factors That May Affect Future Results" in Crossroads' filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended Oct. 31, 2001, and its quarterly report on Form 10-Q for the fiscal quarter ended July 31, 2002.