SOURCE: CreekPath

May 09, 2006 13:05 ET

Independent Research Reveals Enterprises Are Targeting Misallocated and Underutilized Storage for Capital Cost Recovery

Creekpath Acuity's Approach to Storage Asset Management Validated by Results of Industry Analyst Study

BOULDER, CO -- (MARKET WIRE) -- May 9, 2006 -- Creekpath®, the first vendor to create an intelligent analytical and business management framework for enterprise storage assets, today noted recent research from TheInfoPro (TIP) confirming that storage professionals are concerned with a variety of storage-related issues ranging from the need to more effectively manage infrastructure growth to the need to prioritize requirements and spending. The study also indicated that the risk of overcapacity and under-utilization is significant and that managing storage growth and capacity forecasting are critical pain points for storage professionals.

Business issues confronting IT professionals include the need to manage application risk, reduce costs, enable Information Lifecycle Management (ILM), eliminate unnecessary purchases, and adhere to service level agreements. Dealing effectively with these issues requires reliable Storage Area Network (SAN) and Network Attached Storage (NAS) usage reporting, capacity management and forecasting, change management, and dependency mapping that connects the application and lines of business to the complex storage supply chains they rely on.

"This research from TIP resonates with our customers points of view," said Mark Davis, Creekpath president and CEO. "When companies move beyond inventorying storage hardware to analyzing capacity utilization and synchronizing it with business requirements, they are squarely on the path to improving the bottom line. Storage is consuming an ever-greater portion of the IT budget, making storage asset management solutions more than 'nice-to-have.'"

"With the average cost of storage near $50K per terabyte, and over 400 terabytes of usable storage installed in a typical Fortune 1000 company, it is clear that companies have a large investment at stake in storage," said Robert L. Stevenson, managing director of the storage practice at TIP. "The professionals we interviewed indicated that managing storage growth, capacity planning and forecasting are the major pain points."

Research Paper: IT Storage Asset Management and Optimization

TIP started researching the storage market in 2002, as many Fortune 1000 organizations were introducing shared SANs. SANs and decreasing storage costs increased the productivity of the storage infrastructure and enabled centralization of storage. However, enterprise information repositories have expanded significantly since then, forcing IT to grapple with the need to manage increasing complexity and identify storage capacity and forecasting products that incorporate the discipline imposed by IT Asset Management and ITIL process management.

To read the entire TheInfoPro Research Paper see http://www.creekpath.com/resources/downloads/Creekpath%20Asset%20Management%20by%20TIP.pdf.

Creekpath Acuity

Creekpath Acuity™ is the first solution to align storage-related metrics with business concerns, using advanced analytics to deliver a single, authoritative version of enterprise storage supply and demand to business and IT managers.

Designed for heterogeneous environments, Creekpath Acuity supports major storage infrastructure components and vendors through open industry standard SMI-S and proprietary storage vendor interfaces. Customers can quickly identify underutilized and orphaned storage resources and redeploy them, resulting in significant potential savings. For more information about Creekpath Acuity, see: http://www.creekpath.com/press/pr_acuity_040306.html.

About TIP (www.theinfopro.net)

TheInfoPro (TIP) is an independent research network and leading supplier of market intelligence for the Information Technology (IT) industry. Created by alumni of Gartner, EMC, Giga and Bell Labs, TIP produces fundamental, objective, "grassroots" research on markets, vendors, issues, future adoption plans, and investor confidence.

About Creekpath (www.creekpath.com)

Creekpath is a pioneer in IT asset management and IT service management software and services for storage infrastructures. Creekpath is the first company to apply business analytic views to enable a greater return on assets and improve service delivery.

Trademarks, trade names, and/or product names for the purpose of identification and are the property of their respective owners.

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