MTI and VERITAS Software Announce Strategic Development Partnership.Business Editors ANAHEIM and MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 30, 2000 MTI MTI Ministry of Trade and Industry (Singapore) MTI Metal Treating Institute MTI Moving Target Indicator (radar) MTI Magyar Távirati Iroda (news agency in Budapest, Hungary) to Integrate VERITAS Software's 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. Products, Creating Next-Generation SAN/NAS Data Management Solutions MTI Technology Corp. (Nasdaq:MTIC MTIC Missing Trader Intra-Community (UK tax fraud) MTIC Massage Therapy Institute of Colorado (Denver, Colorado) MTIC Minnesota Tree Improvement Cooperative ) and VERITAS(R) Software Corporation (Nasdaq:VRTS VRTS Veritas Software (stock symbol) VRTS Verification Requirements Tracking System ), the industry's leading enterprise-class application storage management software provider, today announced a broad strategic relationship to include joint-development and certification agreements that combine MTI and VERITAS Software's complementary talents and resources. The partnership creates a comprehensive value-enhanced offering of products and services, delivering a series of next-generation Storage Area Network (SAN) and Network Attached Storage (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 ) solutions that simplifies data management to improve customers' data center efficiency. The agreement includes joint marketing and development programs designed to enhance the value of MTI's existing DataServices(TM) portfolio -- particularly in the areas of data replication, backup and data management -- through the strategic addition of 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. technology. Establishing the foundation applications for its key storage management products and services, MTI intends to integrate combinations of several high-availability VERITAS Software products, including VERITAS Cluster Server Veritas Cluster Server (also known as VCS) is a High-availability cluster software, for Unix, Linux and Microsoft Windows computer systems, created by Veritas Software (now part of Symantec). , VERITAS Foundation Suite, VERITAS NetBackup, VERITAS Storage Appliance and VERITAS Storage Replicator See port replicator. replicator - Any construct that acts to produce copies of itself; this could be a living organism, an idea (see meme), a program (see quine, worm, wabbit, fork bomb, and virus), a pattern in a cellular automaton (see life), or (speculatively) a robot or , with its line of Vivant(TM) enterprise storage solutions. To help speed the deployment of new storage management solutions, MTI and VERITAS Software intend to conduct cross-certification testing and have announced that the RAID component of MTI's Vivant(TM) enterprise storage solutions is currently fully certified See certification. on VERITAS Cluster Server and VERITAS Foundation Suite. "Data is the fuel of the Internet, and MTI's mission is to manage and protect that fuel with storage solutions for Internet-related businesses," said Tom Raimondi, 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 MTI. "We are excited that the two companies are working together to take a leadership position in providing comprehensive SAN and NAS solutions. We believe this relationship pulls the components together to bring value-enhanced products to the market quicker than many of our competitors." "The relationship is a melding of two partners with complementary technologies and a singular vision," said Steve Colman Steve Colman is a poet, writer, performer, and director. He co-wrote and co-starred in Russell Simmons' Def Poetry Jam on Broadway. Def Poetry won a Tony Award in 2003 in the Best Special Theatrical Event category. , vice president of strategic alliances and worldwide 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 operations, VERITAS Software. "With MTI's commitment to continuous access to online information and VERITAS Software's drive toward providing business without interruption INTERRUPTION. The effect of some act or circumstance which stops the course of a prescription or act of limitation's. 2. Interruption of the use of a thing is natural or civil. , we see a solid future in working with MTI to create the next generation of high-availability data management and availability solutions." "SAN and NAS solutions are meeting the performance and scalability needs of customers," said John McArthur John McArthur (November 17, 1826 – May 15, 1906) was a Union general during the American Civil War. McArthur was born in Erskine, Scotland. He learned to be a blacksmith and emigrated to the United States at age 23 and settled in Chicago. , vice president of storage research at IDC. "Storage software, meanwhile, improves data availability and ease of management. The MTI and VERITAS Software joint partnership is designed to allow IT professionals, including the increasing number of Linux users, to benefit from more complete storage solutions." "MTI has given Juno the ability to effectively manage growing volumes of information," said Alex Sarafian, Juno's senior vice president for server and network operations. "MTI's Vivant storage solutions gave us the scalability and high-availability we needed to grow our business. We're very pleased with the level of support and reliability that MTI Vivant storage solutions provide. Now, as we look at the relationship being put into place by MTI and VERITAS Software, we're eagerly anticipating the solutions that the two companies will deliver." "As enterprise storage environments become more complex and difficult to manage, our commitment to customers is to deliver integrated storage solutions that address their concerns, from high-availability hardware to controlling data management costs," Raimondi added. "MTI's DataServices go a long way in achieving this goal and, with VERITAS as our business and development partner, we are confident that the pieces are in place for MTI to fully deliver on this vision." About VERITAS Software For enterprise customers who demand the continuous availability of business-critical information, VERITAS Software Corporation (Nasdaq:VRTS), the industry's leading enterprise-class application storage management software provider, ensures information availability from business-critical applications by delivering integrated, cross-platform storage management software solutions. The company's products enable Business Without Interruption(TM) and are designed to protect, access and manage business-critical application information. VERITAS Software products are delivered through a global end user sales force and a worldwide network of enterprise VARs, resellers and OEM partners. The company's corporate headquarters is located at 1600 Plymouth St., Mountain View, Calif. 94043. Telephone 650/335-8000; fax 650/335-8050; e-mail vx-sales@veritas.com; WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. site http://www.veritas.com/. About MTI Technology Corporation MTI's mission is to provide Continuous Access to Online Information(SM) through fault-tolerant, cross-platform data storage servers for the enterprise. MTI develops, manufactures, sells and services data server solutions for Global 2000 companies on a worldwide basis. Headquartered in Anaheim, Calif., the company offers services and support from more than 40 offices in the U.S. and Europe and complies with 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 quality system standards. MTI may be reached by phone 800/999-9MTI or 714/970-0300; fax 714/693-2256; or e-mail info@mti.com. Information can also be accessed via MTI Online, the company's World Wide Web server on the Internet, at: www.mti.com. This news release includes 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. , including statements regarding the company's product and strategic development plans, future market opportunities, and the company's ability to develop and successfully introduce new products, which are subject to change. There can be no assurance that data or the need for storage will grow as anticipated. Any failure to do so materially adversely affect MTI. The actual results may differ materially from those described in any forward-looking statement. In particular, there can be no assurance that the relationship with VERITAS will be successful, that anticipated products will be developed in a timely fashion, or that when introduced, they will be accepted in the market, lack of market acceptance for the company's products, or failure to introduce new products in a timely, cost-effective manner would materially adversely affect the company. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission including its 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. for the year ended April 3, 1999. Note to editors: MTI is a registered trademark and Continuous Access to Online Information is a service mark of MTI Technology Corp. All other company, brand or product names are registered trademarks or trademarks of their respective holders. VERITAS is a registered trademark of VERITAS Software Corporation in the US and other countries. The VERITAS logo, Business Without Interruption, VERITAS Cluster Server, VERITAS Foundation Suite, VERITAS NetBackup, VERITAS Storage Appliance and VERITAS Storage Replicator are trademarks of VERITAS Software Corporation in the US and other countries. |
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