SOURCE: Coraid

Coraid

March 28, 2011 06:00 ET

Coraid Selected by AlwaysOn as an OnDemand Top 100 Winner

Company Recognized for Its Disruptive Ethernet SAN Technology That Redefines the Economics of Enterprise Storage

REDWOOD CITY, CA--(Marketwire - March 28, 2011) -  Coraid® Inc., a leading developer of Ethernet SAN storage solutions with more than 1,300 customers worldwide, today announced that it has been chosen 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. Coraid was named a Top 100 company 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.

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 conducted a rigorous three-month selection process to finalize the 2011 list.

"As the digital information created by businesses continues to explode at astronomical rates, the need to store, manage, socialize, and share this information is becoming extremely challenging," says Tony Perkins, founder and editor of AlwaysOn. "By providing innovative technologies that help enterprises better compete in this new era of information complexity and move their data out into the cloud, the OnDemand 100 represent some of the highest-growth opportunities in the private company marketplace."

Coraid is redefining the fundamental economics of storage with Ethernet SAN solutions that provide enterprises of all sizes with a flexible tier of high-performance, scale-out storage. Using innovative software with off-the-shelf hardware and raw Ethernet, EtherDrive storage arrays enable a scale-out SAN architecture that is ideally suited to dynamic virtualization and cloud environments. Starting at under $500 per terabyte and scaling to multiple petabytes, EtherDrive delivers a 5-8x price performance advantage over legacy Fibre Channel and iSCSI solutions, while eliminating layers of complex SAN management.

"In the server market, trends like the Internet, x86 servers, and virtualization have fundamentally reshaped the way people design data centers, and a new class of top venders emerged," said Kevin Brown, CEO of Coraid. "For years, the storage market has lagged behind in modernizing, and the resulting high costs of storage have become an IT bottleneck for organizations of all sizes. Now, a wave of new architectures built around standard Ethernet and scale-out architectures are bringing rapid change in the storage market, and Coraid has been a leading innovator in this area. We'd like to thank AlwaysOn for recognizing the breakthrough benefits that our Ethernet SAN storage platform brings to customers."

Coraid and the OnDemand Top 100 companies will be honored at the AlwaysOn's OnDemand event on March 28th, 2011, at Hewlett-Packard's Worldwide Headquarters in Palo Alto, CA.

This two-and-a-half-day executive event features CEO presentations and high-level debates on how the Internet is disrupting how companies -- from small businesses to large enterprises -- create, store, distribute, analyze, and take advantage of their mission-critical data.

A full list of all the OnDemand Top 100 winners can be found on the AlwaysOn website at:
http://www.aonetwork.com/AOStory/Announcing-2011-OnDemand-100-Top-Private-Companies

About Coraid
Coraid redefines storage economics with its breakthrough line of EtherDrive storage solutions. EtherDrive delivers scale-out performance, Ethernet simplicity, and a five-to-eight times price-performance advantage over legacy storage. Designed from the ground up for virtualization and cloud architectures, Coraid solutions have been deployed by more than 1,300 customers worldwide. For more information, visit www.coraid.com or follow Coraid on Twitter at www.twitter.com/Coraid_Inc or LinkedIn at http://www.linkedin.com/companies/769557.

About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.