SOURCE: Crossroads Systems

Crossroads Systems

March 02, 2011 16:03 ET

Crossroads Systems Appoints Joseph J. Hartnett to Board of Directors

AUSTIN, TX--(Marketwire - March 2, 2011) - Crossroads Systems, Inc. (PINKSHEETS: CRDS) today announced that Joseph J. Hartnett has joined the Crossroads Systems Board of Directors.

Hartnett is a 32-year veteran of the technology and financial industries. He currently serves as a Member of the Board of Directors and Chairman of the Audit Committee at Sparton Corporation, a diversified electronics company serving government and commercial markets worldwide. Harnett also serves as President, Chief Executive Officer and Member of the Board of Directors at Ingenient Technologies, a global provider of embedded multimedia systems and solutions.

He previously served as President, Chief Executive Officer and Member of the Board of Directors at U.S. Robotics Corporation and held various leadership positions at Grant Thornton LLP for more than 20 years. A Certified Public Accountant, Hartnett holds a degree in accounting from the University of Illinois at Chicago.

"I am thrilled to join the Crossroads' team, as the company is well positioned to bring disruptive and unique technology into the fastest growing segment of the data storage market," Hartnett said. "I believe the company has a strong vision and is poised for exciting growth as they continue to execute and deliver these solutions into the market."

"Joe's demonstrated leadership and diverse experience in technology, finance and business operations will undoubtedly serve as a powerful asset for Crossroads," said Rob Sims, President, CEO and Member of the Board of Directors at Crossroads Systems. "His counsel and business experience will provide both a significant value to me and the management team as well as for our investors."

About Crossroads Systems, Inc.
Headquartered in Austin, Texas, Crossroads Systems (PINKSHEETS: CRDS) has been a world leader in storage routing and virtualization since 1996, developing 79 patents with more than 100 patents pending. Crossroads Systems proprietary data routing technology and storage management solutions have more than 125,000 installations in most Fortune 2000 companies. Crossroads Systems now seeks to bring unique software and SaaS solutions to the enterprise storage sector and for the first time, deliver tiered storage solutions to Cloud Service Providers and private enterprise clouds. For more information, visit www.crossroads.com.

Important Cautions Regarding Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and 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, uncertainties relating to product development and commercialization, the ability to obtain, maintain or protect patent and other proprietary intellectual property rights, technological change in its industry, market acceptance of its products and services, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. Crossroads Systems does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.

©2011 Crossroads Systems, Inc. Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All specifications are subject to change without notice.

Contact Information

  • Investor Contact:
    Jennifer Crane
    Crossroads Systems
    Email Contact
    512.928.6897
    800.643.7148

    Press Contact:
    Matthew Zintel
    Zintel Public Relations
    Email Contact
    317.848.8804