SAN JOSE, CA--(Marketwire - Sep 14, 2011) - Nimble Storage, developer of the first converged data storage and backup solution, today announced that it has been named to VentureWire's FASTech 50 list of the most innovative technology start-ups. Nimble was selected from a pool of hundreds of venture-backed companies by the editors of Dow Jones VentureWire and a board of leading venture capitalists.
"Venture capitalists are always searching for start-ups that are developing truly original technology with the potential to transform the marketplace," said Scott Austin, editor of Dow Jones VentureWire. "The FASTech 50 cuts through the clutter of me-too start-ups to highlight companies developing the most innovative and investment-worthy technologies."
"Being named one of the FASTech 50 is yet another indication that Nimble Storage's converged data storage and backup solution brings something unique -- and badly needed -- to the marketplace," said Suresh Vasudevan, CEO of Nimble Storage. "Customers have embraced our CS-Series arrays for their ability to deliver compelling storage economics and unparalleled data protection, making Nimble Storage one of the most successful storage start-ups in the past decade, and we've received a number of industry accolades. This recognition from VentureWire is the perfect cap to a truly remarkable year."
The VentureWire FASTech 50 is an annual list of the most investment-worthy technology start-ups as selected by a board of leading venture capitalists and the editors of Dow Jones VentureWire. This year's theme was innovation. To be eligible for the list, a company must be based in the U.S., venture-backed and have launched a product within the last three years that breaks from conventional methods, introduces a novel technology or markedly advances an existing product or service.
About Nimble Storage
Nimble Storage has developed the first converged storage and backup solution that significantly reduces the cost and complexity of storing, accessing, and protecting data for enterprises. The company's CASL architecture uniquely combines flash and high-capacity disk to support the most demanding primary applications and reduces backup windows and restore times from hours to seconds -- all for at least 60 percent lower cost than existing solutions. Nimble Storage also provides a simple, cost-effective disaster recovery solution that offers business continuity and long-term data protection. Nimble Storage solutions are available through a nationwide network of IT solution providers. For more information visit www.nimblestorage.com.
©Nimble Storage and CASL are trademarks or registered trademarks of Nimble Storage. Other trade names or words used in this document are the properties of their respective owners.
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