Crossroads Systems Debuts Latest SPHiNX Virtual Tape System at COMMON 2015 Fall Conference and Expo

AUSTIN, Texas, Oct. 6, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced the release of SPHiNX™ WS, its latest virtual tape system that enables faster backups, streamlined disaster recovery and significant cost savings. Crossroads will highlight the release today in booth 6 at the COMMON 2015 Fall Conference and Expo at the Westin Fort Lauderdale Beach Resort.

Dramatically reducing the complexity of data protection, SPHiNX WS introduces new hardware configuration options that offer a smaller physical footprint while also providing integrated tape drive options, faster backups and instant disaster recovery.  This new model is ideal for IBM Power Systems environments that need a cost-efficient data protection solution that can support options for physical tape.

"With the release of SPHiNX WS, Crossroads illustrates its commitment to simplification and acceleration – two cornerstones to an effective disaster recovery system," said Glenn Haley, director of product management at Crossroads Systems. "This year's COMMON fall event is the perfect venue to showcase SPHiNX WS and its ability to minimize costs while offering the flexibility needed to fit an organization's specific data protection needs."

About Crossroads SPHiNX
SPHiNX is a virtual tape solution that provides complete data protection, consolidates backups, and streamlines disaster recovery. A disk-based appliance, SPHiNX functions as a virtual tape library or drive that integrates easily with existing infrastructure components to help organizations improve backup performance and network availability. SPHiNX seamlessly integrates with existing backup applications and is designed to serve environments such as AIX, IBM i, Linux, Unisys MCP ClearPath, UNIX and Windows. Benefits include:

• Reduces risk of data loss and mechanical errors
• Automates recovery for rapid data restores
• Expedites disaster recovery
• Saves money by consolidating multiple host servers to one backup destination
• Minimizes or eliminates physical tape backup

For more information on SPHiNX, visit www.crossroads.com/sphinx.  

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.

©2015 Crossroads Systems, Inc., Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their respective owners. All specifications are subject to change without notice.    

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SOURCE Crossroads Systems

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