SOURCE: The Bedford Report

The Bedford Report

July 06, 2011 08:16 ET

Brocade and NetApp Simplify Cloud Storage -- Demand Soars

The Bedford Report Provides Equity Research on Brocade Communications & NetApp

NEW YORK, NY--(Marketwire - Jul 6, 2011) - Companies are increasingly looking to cloud computing environments in order to accelerate value in business financials and reduce costs. Cloud computing is highly appealing to today's organizations, not only because of its projected cost savings but also because of the cloud's flexibility. The Bedford Report examines the outlook for companies in the Computer Storage Devices Industry and provides stock research on Brocade Communications Systems, Inc. (NASDAQ: BRCD) and NetApp, Inc. (NASDAQ: NTAP). Access to the full company reports can be found at:

www.bedfordreport.com/BRCD
www.bedfordreport.com/NTAP

Driven by the growth of cloud computing, cloud storage is quickly growing from a small percentage of the IT market to a significant opportunity. Cloud storage is a model of storage where data is stored on multiple virtual servers, generally hosted by third parties, rather than being hosted on dedicated servers.

According to an AMI Partners report entitled "US SMB Playbook", the surge of cloud computing is growing rapidly, with the market for hosted storage set to increase 11 per cent yearly until 2015, a recent report found.

The Bedford Report releases investment research on the Technology Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Brocade recently introduced its "CloudPlex" cloud architecture, an open framework for building virtualized data centers. CloudPlex represents Brocade's strategy for combining compute, storage and networking components into a single converged architecture, bringing the storage and IP networking vendor into the converged infrastructure market.

Last month NetApp launched "OnCommand," its virtualised storage management offering. According to NetApp, OnCommand simplifies cloud storage for end-user customers through a range of services, and is able to replicate the offering in several places.

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