SOURCE: TeraCloud

March 23, 2007 09:00 ET

TeraCloud Named "Cool Vendor" by Leading Analyst Firm

Vendors Selected for the "Cool Vendor Report" Are Innovative, Impactful and Intriguing

SEATTLE, WA -- (MARKET WIRE) -- March 23, 2007 -- TeraCloud Corporation, which continues to define the storage analytics market serving global Fortune 2000 and mid-market businesses, has been included in the list of "Cool Vendors" in Gartner's "Cool Vendors in Storage Management, 2007" written by Dave Russell and Carolyn DiCenzo, published March 2, 2007.

"TeraCloud is pleased to be recognized by Gartner as one of four Cool Vendors in Storage Management, 2007. We believe this was based on our market-defining storage analytics tools that meet the varying needs of enterprise and mid-market businesses," said TeraCloud President and CEO Gary Tidd.

Launched March 22, 2007, TSF Express is a free SRM tool providing enterprise-level storage management for Solaris, Linux, Windows and AIX.

TSF Light is the only product to provide mid-market companies with a powerful, enterprise-level and cost-effective tool for predictable storage management. It offers the market's first and only hybrid subscription, utility-based pay-as-you-use pricing. The charge is $395 per month only in the months you use it for up to 20 terabytes of managed storage. TeraCloud produces a comprehensive and detailed usage report with specific storage recommendations based upon collected customer data.

TeraCloud Availability

TeraCloud's products are available online through the company's Web site at www.teracloud.com, and the company has established strategic technology, distribution and development partnerships. The company is building indirect sales through local and regional VARS interested in getting closer to their customers.

About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About TeraCloud Corporation

TeraCloud Corporation continues to define the storage analytics market serving global Fortune 2000 and mid-market customers. TeraCloud's groundbreaking Storage Analytics (TSA) technology provides storage utilization analytics to pin-point conditions and predictive events where storage utilization is sub-optimized. Regardless of platform, the TeraCloud Storage Framework (TSF) v2.1 provides enterprise customers with instant knowledge for predictable storage management from a single view. TSF Lite is the only product to provide mid-market companies with a powerful, enterprise-level and cost-effective tool for predictable storage management. TeraCloud's SpaceFinder Suite v4.4.1 gives customers the knowledge for predictable storage management on the Z-series platform by providing automating storage administration that monitors, detects, analyzes and proactively resolves issues threatening storage availability. Founded in 1991, TeraCloud Corporation is a privately held company based in Bellevue, Wash. For more information, visit www.teracloud.com.

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