SOURCE: Xsigo

March 10, 2011 01:00 ET

Xsigo Named 'The Next Big Thing' by The Wall Street Journal

Xsigo Among the Top 50 Venture-Backed Companies With the Greatest Potential to Succeed

SAN JOSE, CA--(Marketwire - March 10, 2011) -  Xsigo Systems, Inc., the leader in I/O virtualization, today announced it has been named to The Wall Street Journal's, The Next Big Thing, a list of the top 50 venture-backed companies in the U.S. The list comes from a survey based on proprietary data from Dow Jones VentureSource and identifies promising companies that have the capital, executive experience and investor know-how to succeed. (read full article)

Xsigo was selected from a pool of more than 5,000 companies. The final 50 top businesses were calculated based on how each company scored in a number of areas: the track record of success for the venture-capital investors who sit on the company's board, the amount of capital raised by the company over the last three years, the track record of success for the company's founders and chief executive, and the company's recent valuation growth. As a last component, Wall Street Journal and Dow Jones reporters and editors reviewed and ranked the companies. Overall rank is based on a weighted combination of all five components.

"Xsigo truly is the next big thing," said Ray Lane, partner at Kleiner Perkins Caufield & Byers, a Xsigo investor. "They have the complete package: a stellar executive team with a great track record, a revolutionary technology called virtual I/O that's urgently needed in today's data centers, and great customers that have grown the company's revenue by 200% year-over-year."

"Xsigo has seen major market acceptance of its virtual I/O technology in the hotly contested data center arena, beating out vendors like Cisco in large deals," said Lloyd Carney, Xsigo's CEO. "In the past year we have tripled revenues, launched products that bring groundbreaking innovation to our market, and expanded our marquee customer list to include over 130 customers now in production deployments at hundreds of data centers worldwide."

Customers that embrace Xsigo include leading service providers, telcos, global financial firms, entertainment companies, government agencies, universities, online auction sites, and more. Watch videos of Xsigo customers VMware, salesforce.com, Avaya, Newedge, New England Biolabs, Wholesale Electric.

Other Awards and Accolades
In addition to The Wall Street Journal's "The Next Big Thing" list, Xsigo has accumulated a number of awards and accolades including: The Wall Street Journal Technology Innovation Award in the Network / Internet Technologies category; being named Storage Magazine's "Product of the Year" in the networking equipment category; being indentified by Byte and Switch as a "Top 10 Storage Startup to Watch"; being named by Virtualization Review Magazine as "Take Five: Innovative Vendor"; and being identified by eWeek as a "Top 10 Disruptive New Storage Technology."

About Xsigo Virtual I/O
Virtual I/O technologies consolidate server connectivity and allow a single server connection to act as many, in the same way a virtualized server enables one physical server to appear as multiple devices. With the Xsigo I/O Director, customers can now immediately consolidate their infrastructure, reduce cabling requirements by 70 percent, cut power consumption by 30 percent, and complete routine management tasks in seconds rather than hours or days. Xsigo's unique virtual I/O technology offers unprecedented levels of performance, scalability, and ease of use, allowing data center managers to connect any server to any network and any storage resource in minutes rather than days or weeks.

About Xsigo Systems
Founded in 2004, Xsigo Systems, Inc. is the leader in data center I/O virtualization, helping organizations reduce costs and improve business agility. Based on patented and award-winning technology, Xsigo offers a complete I/O virtualization product family which includes the VP560 and VP780 I/O Directors. Xsigo has hundreds of customers, partners and resellers around the globe and services multiple industries including financial, education, government, entertainment, technology and telecommunications. The privately held company is based in San Jose, Calif., and funded by Kleiner Perkins, Khosla Ventures, Greylock Partners and North Bridge Venture Partners. For more information, visit www.xsigo.com.

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