AUSTIN, TX--(Marketwire - Dec 4, 2012) - Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, today announced that Foresight Financial Group, Inc. (OTCBB: FGFH) is one of the latest organizations to deploy SPHiNX to ensure powerful disaster recovery capabilities in the event of data loss or corruption. SPHiNX™ is a holistic data protection appliance that meets the specific needs of corporations, remote offices and data centers and provides highly reliable disaster recovery capabilities for mid-range server and open system environments.
Headquartered in Northwestern Illinois with assets totaling $891 million, Foresight is a financial holding company with 12 offices in the Illinois counties of Winnebago and Stephenson. Foresight continues to hold the largest market share of deposits of any financial institution operating in Stephenson County. Foresight centralizes the IT operations for its five community banks that otherwise wouldn't be able to house the robust infrastructure needed to maintain sensitive data and comply with FFIEC regulations.
Foresight previously executed its backups via an IBM LTO-4 library and deployed a replication solution for high availability, but retrieving data from the physical library was challenging. If data needed to be recovered, it would require close to an entire day for recovery, without a 100 percent guarantee. With a 99 percent virtualized environment and the need for 24/7 availability, Foresight required a real-time method to access backup data in the case of an emergency.
Foresight discovered SPHiNX through its partner, NASI. SPHiNX is a virtual tape appliance that offers complete disaster recovery (DR) protection with consolidated backups. For Foresight, SPHiNX simplified backups via virtual tape and expedited data recovery. The SPHiNX system seamlessly integrated with Foresight's existing IBMi environment and did not hinder the real-time Internet banking operations.
"Our Internet banking product is real-time. We couldn't afford any downtime," said Aaron Patterson, CIO at Foresight. "The smooth transition to SPHiNX enabled us to enhance our DR infrastructure without interrupting ongoing processes. SPHiNX was up and running and ready to go in 30 minutes. If you already have system to system replication, most people think you wouldn't need SPHiNX for backups. But the truth is -- you do. If you only use replication, you could replicate an entire corrupt database and have no way to get back your original data. SPHiNX has been a big help with our DR site. SPHiNX can automate the entire backup, send data over the wire, and the virtual tape at the DR site is ready and can be recovered immediately."
"Crossroads is pleased to announce Foresight as one of its latest customers to deploy SPHiNX," said Glenn Haley, senior product manager at Crossroads Systems. "The SPHiNX virtual tape appliance meets or exceeds compliance requirements for financial institutions and provides faster backup for business-critical data. Seamless installation into the IBMi environment along with automated encryption and logging allows organizations such as Foresight to stay online, remain compliant, and reduce the time and resources devoted to backups and disaster recovery."
Crossroads SPHiNX is a holistic data protection and storage appliance that provides highly reliable disaster recovery capabilities to meet the needs of the entire data center. Organizations with mid-range server and open system host environments choose SPHiNX to easily centralize, consolidate and replicate their data at disaster recovery sites and data centers -- all with the ability to manage and scale to meet the backup needs from multiple host systems and OS types. With SPHiNX, organizations report a much greater sense of security, a significant reduction in expenses, improved efficiency, better utilization of available resources, and less tape media usage. Visit www.crossroads.com/Products/SPHiNX.
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.
©2012 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.