AUSTIN, Texas, Nov. 4, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced a technology partnership with UK-based Object Matrix Limited, a leading provider of object based nearline storage for the Media & Entertainment (M&E) industry as well as select financial and telecommunications firms.
Expanding Crossroads' Technology Alliance partnerships, the Object Matrix MatrixStore appliance can now be deployed with Crossroads StrongBox. MatrixStore provides high-performance data storage and management for content that needs to be parked, edited, distributed or monetized while StrongBox provides high-capacity, low-cost archival storage for completed projects and those shelved for future use.
MatrixStore customers that integrate StrongBox as a protected archive tier will significantly lower content storage costs, ensure protection via LTFS technology, and ensure data availability through policy-driven disk storage. Especially in the content-rich M&E and utilities industries, adding an archive tier can translate into substantial, ongoing savings.
"Customers require secure, reliable storage solutions that integrate seamlessly with their day-to-day workflows," said Jonathan Morgan, CEO at Object Matrix. "With this exciting technical partnership we can provide reliable, secure and instant access to the media assets customers need from disk combined with the economics of LTO storage."
"Our technology partnership with Object Matrix underscores the innovation and unique cost-savings capabilities offered by StrongBox," said David Cerf, executive vice president of strategy and business development at Crossroads Systems. "Our commitment to building solutions on industry standards with no proprietary lock-in allows our customers to deploy best-in-breed solutions for diverse data center needs."
For more information on StrongBox, visit www.crossroads.com/strongbox.
About Object Matrix Object Matrix is a leading provider of object storage and nearline archive solutions to the media and entertainment industry as well as telecommunication firms, banks and utility companies. Established in 2003, Object Matrix is a software company based in Cardiff (Wales, UK) that has an impressive track record for providing tightly integrated digital preservation platforms and is trusted to ensure content is always available. Customers include the BBC, BT, Deutsche Bank, Fox Sports, Globo, Miami Heat, NBC Universal and Sony Pictures. Visit www.object-matrix.com.
About Crossroads Systems Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data storage 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 has been awarded 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 expected 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, the potential market for our data storage products, changes in the fair value of its derivative instruments and its ability to achieve or maintain profitability. The future performance of Crossroads Systems may be adversely affected by the following risks and uncertainties: uncertainties relating to product development and commercialization, uncertain market acceptance of Crossroads Systems products, including StrongBox, intense competition in the data protection and storage markets, variations in quarterly results and a consequence of unpredictable sales cycles and other factors, the ability to obtain, maintain or protect patent and other proprietary intellectual property rights, developments in litigation to which we may be a party, technological change in the industry, future capital requirements, regulatory actions or delays and other factors that may cause actual results to be materially different from those described or anticipated by these forward-looking statements. For a more detailed discussion of these factors and risks, investors should review Crossroads Systems' reports on Form 10-K, Form 10-Q,Form 8-K and other reports filed with the Securities and Exchange Commission, which can be accessed through the SEC's website or by clicking "SEC Filings" on the company's Investor Relations website at http://investors.crossroads.com. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. All forward-looking statements are qualified in their entirety by this cautionary statement, and Crossroads Systems undertakes no duty to update this information to reflect future events, information or circumstances.
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SOURCE Crossroads Systems