Onaro Reaches Key Milestones in 2006.Finishes 2006 with Full Year of Profitability, 2x Customer Growth, 4x Revenue Growth, Two New Products, Key Partners and Competitive Wins BOSTON -- Onaro, Inc. finished 2006 by reaching key milestones in the company's development as a leader in storage management software. Profitable revenue growth, new customers, expanded distribution, new products and a growing list of industry awards highlighted the year. For 2006, Onaro: * Achieved 4x annual revenue growth with profitability for each quarter of the year. * Doubled the number of customers with competitive wins in many of the storage hardware vendors' premiere accounts. Onaro now has global deployments in the top companies in retail, technology, wireless, 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. , entertainment, aerospace, health care and insurance. * Expanded world wide sales distribution with a reseller agreement with Hitachi Data Systems See HDS. . * Built out the product line with the launch of Replication Assurance, Performance Insight and the ServiceConnect API program. * Received significant industry, analyst, media and customer praise, which includes ranking as a Byte & Switch Top 10 Private Company, a NetworkWorld One of Six Storage Startup Companies to Watch, and a 'Visionary' in Gartner's 'Magic Quadrant for Combined Storage Resource Management and SAN Management Software', December 2005. Won product excellence recognitions, including the eWeek Excellence Award, an Infostor MVP (Multimedia Video Processor) A high-speed DSP chip from Texas Instruments, introduced in 1994. Officially introduced as the TMS320C80, it combines RISC technology with the functionality of four DSPs on one chip. Finalist Award, and a Network Storage Conference Finalist Award. "Onaro's growth and customer list is nothing short of spectacular," said Bob Laliberte, analyst, Enterprise Strategy Group. "The storage industry has not seen a software company with this much momentum in quite some time. 2007 should be another watershed year for the company as they deliver on new products, customers and partners." "We really came of age in 2006," said Doug McNary, 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. , Onaro, Inc. "Our unique solution to the problem of managing networked storage resonated with end users who are increasingly frustrated with the limits of legacy SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. solutions. For 2007, our continued focus on immediate measurable value for our customers combined with our strong market presence and new distribution channels will propel us to another record year." About Onaro, Inc. Onaro is the leader in storage service management (SSM SSM abbr. surface-to-surface missile ) enabling enterprises to increase service quality, return on storage, and compliance by managing storage as a service. Unlike traditional SRM applications which are device centric, Onaro provides a clear service view into a SAN's access paths, redundancy, replication and performance. SANscreen is being used by the world's largest companies in banking, retail, entertainment, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and wireless telecom. A partial customer list includes AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , CareGroup Healthcare System, Countrywide Financial Countrywide Financial Corporation (NYSE: CFC) is a diversified financial marketing and service holding company engaged primarily in residential mortgage banking and related businesses. Corporation, JetBlue Airways, Priority Healthcare, State Street Global Advisors, and Wyeth Pharmaceuticals. For more information, please visit www.onaro.com. |
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