AUSTIN, Texas, Sept. 16, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced that Shibuya Crossing AB, a Kista, Sweden-based reseller, is the latest to join the company's growing global network of distribution partners. Shibuya Crossing will now offer its customers the StrongBox gateway solution from Crossroads.
The ultimate storage solution for unstructured data, StrongBox uses intelligent storage management that meets application and workflow requirements. It creates the perfect balance of storage performance and economics by fusing storage technologies (SSD, HDD, tape and cloud) into a seamless tier of storage.
"With a keen focus on delivering long-term value to our customers, we see the cost savings and scalability offered by StrongBox as truly appealing capabilities for organizations throughout our region," said Mikael Johansson, sales and marketing director at Shibuya Crossing. "We welcome a partnership with Crossroads, as its StrongBox solution uniquely addresses the ever-growing storage needs for unstructured data."
"Crossroads is pleased to further expand StrongBox's European presence through our reseller partnership with Shibuya," said Bernd Krieger, director of European sales at Crossroads Systems. "Offering only smart, efficient IT options, Shibuya Crossing is known for its commitment to serving as a valued partner to its customers."
Shibuya Crossing is Crossroads' fourth European partner announced this year.
For more information on Shibuya Crossing, visit www.shibuyacrossing.se.
StrongBox is a storage gateway designed to integrate storage tiers and technologies, simplify data management, and enable storage cost optimization. Visit www.crossroads.com/strongbox.
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