This is the Tagline, edited under "Misc Content"
AUSTIN, Texas, Aug. 21, 2014 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced general availability of StrongBox® 2.3, the latest release of its network-attached storage (NAS) appliance that continues to answer data archiving needs and now also addresses primary storage requirements that demand greater performance and accessibility.
With the release of StrongBox 2.3, users can employ the StrongBox NAS for two use cases: as primary storage via the new expanded disk functions and as an active archive for long-term data retention. The flexibility comes from new user-defined disk policies that bolster the performance of the system and allow online, nearline and archival storage. Organizations can now use StrongBox to simplify their storage of unstructured data, ensure data protection without third party backup applications, and dramatically reduce storage costs.
Additional features include an enhanced icon-driven graphical user interface (GUI) that delivers simple system management. Users will experience greater system performance with expanded policies for data management and file sharing as well as improved media verification for superior data protection. Files can always be protected on LTFS tape using StrongBox's unique, automated data protection policy engine.
The StrongBox NAS is also now compatible with Oracle, allowing customers with StorageTek ACSLS-managed tape libraries to deploy StrongBox for simplified data management and fast access to data on tape. This enhances StrongBox's ability to support LTFS libraries from all major manufacturers: IBM, Spectra Logic, Oracle, Dell, HP, Qualstar, Tandberg and Quantum.
"StrongBox 2.3 combines cost-effective and long-term data preservation capabilities with the performance needed for primary storage," said Richard K. Coleman, Jr., President and CEO at Crossroads Systems. "What makes this capability unique is that data in the StrongBox NAS is intrinsically protected and does not require backup. Thus, customers' active files and archival information are both securely stored and protected for the future in one seamless solution. This added capability expands our market opportunity by allowing for deployments in more diverse, performance-driven storage environments."
For more information on the Crossroads StrongBox NAS and the 2.3 software release, visit www.crossroads.com/strongbox.
About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data storage and protection 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.
SOURCE Crossroads Systems