Avere Systems Celebrates One Year of Product, Company Achievements

PITTSBURGH, Oct. 12 /PRNewswire/ -- Avere Systems, the company setting new performance benchmarks with its Demand-Driven Storage™ solutions, this month celebrates its first anniversary in market and a year of accomplishments including the first generations of enterprise-class tiered NAS that optimizes HDD and SSD performance, throughput and capacity.

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Avere, which launched its first FXT Series product a year ago, has enjoyed success among customers, investors, analysts and industry press. In the past year the company closed a second round of funding bringing total capital raised to $32 million from investors Menlo Ventures, Norwest Venture Partners and Tenaya Capital.

"This past year has not just seen the launch of Avere and the FXT Series, it's represented the introduction of dynamic tiering to the enterprise storage market," said Ron Bianchini, co-founder and CEO of Avere Systems. "We're extraordinarily pleased with our success in just one year. The FXT Series is indeed that 'better mousetrap' to improve both the performance and cost structure of network attached storage infrastructures."

Avere storage solutions have been welcomed by major organizations in media and entertainment, life sciences, high technology, Web 2.0 and more.  The company was recognized as a "Cool Vendor in Storage Technologies 2010" by analyst firm Gartner Inc. Meanwhile the FXT Series took the Gold medal for Enterprise Hardware in Tech Awards Circle, named in SearchStorage.com's "Products of the Year" and called a "Product to Watch" by eWEEK magazine.  Avere recently achieved VMware Ready™ status, indicating that the FXT 2700 passed a detailed evaluation and testing process managed by VMware and is listed on the VMware Hardware Compatibility List.

"In the year since its introduction, the Avere FXT Series has proven that it is generally applicable to the broad-based NAS market," said Ron Bianchini.  Previous attempts in NAS performance acceleration have proven viable only in niche markets.  By tiering all types of NAS workloads, Avere's solution provides both performance improvements and cost savings for all workloads.  "We look forward to expanding our application and customer-base in 2011."

About Avere Systems

Avere provides Demand-Driven Storage solutions that dynamically organize data in response to business demand. The Avere FXT Series enables faster application performance at dramatically lower cost by intelligently moving active data between traditional storage devices and FXT appliances. In benchmark SPECsfs2008 testing the FXT Series was shown to provide the highest performance and most efficient scaling with lowest cost vs. other disk-based solutions. Installed at leading entertainment, life science and energy companies, to name a few, the FXT Series, which can be clustered for maximum scalability, tiers data on SSD and HDD media and enables a 5:1 reduction in disks, power, and rack space. Learn more at www.averesystems.com, and you can follow the company on Twitter.com/averesystems.

SOURCE Avere Systems