SOURCE: Crossroads Systems

Crossroads Systems

April 01, 2014 08:00 ET

Crossroads Releases Latest StrongBox® Solution With Increased Performance and New Archive Utility for Avid® Environments

New Feature Increases Data Protection and Greatly Simplifies Workflows for Truly Seamless Archiving Experience

AUSTIN, TX--(Marketwired - Apr 1, 2014) - Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data protection solutions, today announced the release of StrongBox 2.2.

This new release provides a 30 percent performance improvement, adds a new tape regeneration feature to expand its self-healing functions, and introduces the new Archive Utility to enable seamless archiving from Avid® applications, the market's leading digital asset management tools.

StrongBox is a shared storage solution that provides the most cost-efficient long-term data preservation and protection for fixed content. Harnessing the benefits of low-cost LTFS tape media combined with unique policy-driven disk caching technology, StrongBox ensures data is protected yet rapidly accessible when and where it is needed for just pennies per gigabyte.

The new StrongBox Archive Utility makes it even simpler to interface with existing Media Asset Management (MAM) and other media applications, including Avid Interplay®, Interplay Access, Unity™ ISIS®, Media Composer®, NewsCutter®, and Symphony®. The Archive Utility enables organizations to optimize their high performance storage by seamlessly moving inactive data off of Avid ISIS® and into StrongBox.

The new tape regeneration feature expands StrongBox's core self-healing capabilities with data recovery mechanisms that ensure resiliency for demanding long-term data preservation requirements. This new capability guarantees that a tape can be recreated with original data, even if an error occurs in a file or on physical media.

"StrongBox continues to prove its value for the media and entertainment industry, as it significantly reduces storage costs, streamlines archive access, and now easily integrates with Avid and other applications," said David Cerf, executive vice president of strategy and business development at Crossroads Systems. "Further expanding opportunities for StrongBox growth within the media and entertainment space, the release of StrongBox's Archive Utility illustrates our ongoing commitment to offering the most innovative, cost-effective storage and protection solution."

Crossroads StrongBox and the Archive Utility for Avid workflows will be highlighted during NAB Show 2014 at FUJIFILM Recording Media U.S.A. booth SL11109. For more information on StrongBox and its Archive Utility, visit www.crossroads.com/Strongbox/archive-utility-avid.

About Crossroads StrongBox®
Crossroads StrongBox is a network attached storage (NAS) appliance that is purpose-built to lower the cost of long-term storage and protection for unstructured, fixed content such as video. By pairing a flexible, policy-driven disk cache with Linear Tape File System (LTFS) technology, StrongBox allows organizations to gain unmatched control of storage costs without sacrificing availability of stored content. It provides the data protection and reliability that is needed in firms where digital content is the key ingredient in their business. 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, 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, 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. 

Contact Information

  • Company Contacts:
    Jennifer Crane
    Crossroads Systems
    Email Contact
    512.928.6897

    Investor Contact:
    Mark Hood
    Crossroads Systems
    Email Contact
    512.928.7330

    Press Contact:
    Matthew Zintel
    Zintel Public Relations
    Email Contact
    281.444.1590