AUSTIN, Texas, Aug. 12, 2014 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced that Massasoit Community College, a multi-campus community college serving more than 11,000 students throughout Massachusetts, has deployed the Crossroads StrongBox® NAS for long-term preservation of its digital content.
Spurring the need for a scalable archive, Massasoit Community College plans to digitize physical documents from the college's founding in 1966 through today. The organization selected the Crossroads StrongBox NAS to store and protect its irreplaceable content.
As the ultimate NAS for unstructured data, StrongBox enables Massasoit Community College to cost-effectively scale as more information is added to the archive. And, since much of the academic content must be preserved for decades, StrongBox's robust data protection capabilities provide long-term integrity and reliability.
"Crossroads is pleased to help Massasoit Community College meet its need for low-cost records archiving," said David Cerf, executive vice president of strategy and business development at Crossroads Systems. "Massasoit's selection of the StrongBox NAS is the latest illustration of StrongBox's appeal for higher education organizations that must address long-term content preservation needs."
About StrongBox
StrongBox is a network attached storage (NAS) appliance that is built to lower the costs of long-term storage and protection for unstructured data. By pairing flexible, policy-driven disk storage with Linear Tape File System (LTFS) technology, StrongBox empowers organizations to control storage costs without sacrificing data availability. Visit www.crossroads.com/strongbox.
About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data archive solutions. Through the innovative use of new technologies, Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance and significant cost-savings. Founded in 1996 and headquartered in Austin, TX, Crossroads has been awarded more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit www.crossroads.com.
Important Cautions Regarding Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and expected future events or future performance of Crossroads Systems, Inc. and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Crossroads Systems' ability to implement its business strategy, including the transition from a hardware storage company to a software solutions and services provider, its ability to expand its distribution channels, its ability to maintain or broaden relationships with existing distribution channels and strategic alliances and develop new industry relationships, the performance of third parties in its distribution channels and of its strategic alliances, the potential market for our data storage products, changes in the fair value of its derivative instruments and its ability to achieve or maintain profitability. The future performance of Crossroads Systems may be adversely affected by the following risks and uncertainties: uncertainties relating to product development and commercialization, uncertain market acceptance of Crossroads Systems products, including StrongBox, intense competition in the data protection and storage markets, variations in quarterly results and a consequence of unpredictable sales cycles and other factors, the ability to obtain, maintain or protect patent and other proprietary intellectual property rights, developments in litigation to which we may be a party, technological change in the industry, future capital requirements, regulatory actions or delays and other factors that may cause actual results to be materially different from those described or anticipated by these forward-looking statements. For a more detailed discussion of these factors and risks, investors should review Crossroads Systems' reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, which can be accessed through the SEC's website or by clicking "SEC Filings" on the company's Investor Relations website at http://investors.crossroads.com. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. Crossroads Systems undertakes no duty to update this information to reflect future events, information or circumstances.
©2014 Crossroads Systems, Inc., Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their respective owners. All specifications are subject to change without notice.
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