SOURCE: Coraid

Coraid

May 03, 2013 07:00 ET

Coraid Selected by AlwaysOn as an OnDemand 100 Winner for Third Consecutive Year

Company Recognized for Creating Innovative Storage Technology for the Advancement of Cloud Infrastructures

REDWOOD CITY, CA--(Marketwired - May 3, 2013) - Coraid® Inc., a leading developer of Ethernet storage solutions, today announced that it has been selected by AlwaysOn as one of the OnDemand Top 100 winners. Inclusion in the OnDemand 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. This marks the third consecutive year Coraid has been honored by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value and media buzz.

Coraid and the OnDemand Top 100 companies will be honored at AlwaysOn's OnDemand event on May 20th, 2013, at Hewlett-Packard's Executive Briefing Center in Palo Alto, CA. This two-day exclusive event treats attendees to a high-level debate and discourse on top trends and opportunities in the SaaS, cloud, on-demand, and mobile enterprise sectors.

"The world of the cloud is beginning to live up to its promise of expanding and enhancing almost every sector of the technology world. Public, private, and hybrid, the cloud infrastructure companies that can provide the most robust, always-on performance are the ones that are propelling us into a completely new digital age," says Tony Perkins, founder and editor of AlwaysOn. "This year's OnDemand 100 winners represent the companies that are not only providing the space to develop daring, indispensable applications for a growing and increasingly mobile universe, they're making sure that everyone has their information, data, media, and apps whenever and wherever they happen to be. The innovations these companies are developing goes beyond consumer, beyond business enterprise -- it's the future, in the palm of your hand, on your desktop, in your car. The on-demand paradigm is computing, and the Global Silicon Valley has never been more ready to take on its challenge."

The OnDemand 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team, along with partners at KPMG, Bridge Bank, General Catalyst Partners, Menlo Ventures, GSV Capital, Mayfield Fund, Lightspeed Venture Partners, Intel Capital, New Enterprise Associates, Azure Capital, Allegis Capital, Venrock, InterWest Partners, Illuminate Ventures, Madrona Venture Group, AT&T, Jafco Ventures, Institutional Venture Partners, Oak Investment Partners, Greylock Partners, Andreessen Horowitz, and industry experts across the globe, went out into the entrepreneurial ecosystem to find the top 100 private companies that are disrupting the entire computing paradigm. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2013 list.

Coraid delivers a powerful Ethernet-based storage networking alternative for enterprise storage in public and private cloud environments, as well as a software-defined storage platform for automation and programmability. Coraid EtherDrive® storage arrays feature a scale-out architecture using commodity hardware and distributed operating system to pool storage resources for a single logical system. Coraid EtherCloud™, an advanced management and automation platform, allows administrators to provision storage by one click program storage management workflows through a powerful REST API.

"Coraid is committed to delivering breakthrough elasticity and simplicity at scale, with a full range of block, file, and storage management and automation products that use a new generation of Ethernet-based storage networking," said Coraid CEO Kevin Brown. "We'd like to thank AlwaysOn for once again recognizing the disruptive nature of our Ethernet SAN solutions. This award is a testament to Coraid's enduring innovation and dedication to helping our more than 1,700 customers eliminate legacy storage challenges."

A full list of all the OnDemand 100 winners can be found on the AlwaysOn website at:
http://aonetwork.com/announcing-the-2013-ondemand-100-top-private-companies/

About Coraid
Coraid redefines storage with its breakthrough line of EtherDrive and EtherCloud solutions. Coraid delivers scale-out performance, Ethernet simplicity, and an elastic storage architecture to handle massive data growth. Designed from the ground up for virtualization and cloud architectures, Coraid's platform has been deployed by more than 1,700 customers worldwide. For more information, visit www.coraid.com or follow Coraid on Twitter at www.twitter.com/Coraid or LinkedIn at http://www.linkedin.com/companies/Coraid.

About AlwaysOn
AlwaysOn is the leading business media brand connecting and informing the entrepreneurial community in the Global Silicon Valley. Founded by Red Herring founding editor, Tony Perkins in 2003, AlwaysOn's mission is to continue to lead the industry by empowering its readers, event participants, sponsors, bloggers, and advertisers like no other media brand.