AUSTIN, TX--(Marketwire - Feb 19, 2013) - Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, today announced it was named as one of the 2013 Best Companies to Work for in Texas. The list of 100 organizations will be listed in the April 2013 issue of Texas Monthly.
The awards program was created in 2006 and is a project of Texas Monthly, the Texas Association of Business (TAB), the Texas State Council of the Society for Human Resource Management (TSC-SHRM) and Best Companies Group. The statewide survey and awards program was designed to identify, recognize and honor the best places of employment in Texas, benefiting the state's economy, its workforce and businesses.
Companies from across the state entered the two-part survey process to determine the Best Companies to Work for in Texas. The first part consisted of evaluating each nominated company's workplace policies, systems, philosophies, practices, and demographics -- worth approximately 25 percent of the total evaluation. The second part consisted of an employee survey to measure the employee experience -- worth approximately 75 percent of the total evaluation. The combined scores determined the top companies and the final ranking. Best Companies Group managed the overall registration and survey process in Texas and also analyzed the data and determined the final rankings.
"Crossroads is a future-focused company solving the challenges of tomorrow with the brightest minds and best employees," said Jennifer Crane, Chief Financial Officer at Crossroads Systems. "Our commitment to excellence extends to the treatment of employees -- that's why we have and keep such an excellent team of employees. We are honored to receive this recognition as one of the top 100 organizations to work for in Texas, as it directly reflects the results of employee input and our ongoing effort to create an environment centered on innovation as well as individual and team success."
The rankings will be revealed at the Best Companies to Work for in Texas gala on Tuesday, March 19 at the Hyatt Regency in Austin. For more information on the Best Companies to Work for in Texas program, visit www.BestCompaniesTX.com.
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 holds 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 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.
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