AUSTIN, Texas, April 21, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) announced today that DDN's MEDIAScaler solution, which offers the Crossroads StrongBox NAS as an integrated, low-cost, LTFS archive tier, was awarded NewBay Media's Best of Show Award at this year's NAB Show in Las Vegas.
DDN MEDIAScaler offers high-performance, file-based storage for today's large-scale rich media workflows, providing the media and entertainment (M&E) industry with concurrent access to content across hundreds of global users while accelerating transcode and reducing hardware footprint. StrongBox provides DDN's MEDIAScaler customers with scalable file storage using a tape-based tier, lowering overall storage cost while delivering data protection. The joint Crossroads StrongBox/DDN MEDIAScaler solution masters the complexity of data preservation by providing highly available access to information, simple data management, and complete protection at the lowest cost/GB.
The Best of Show Award honors a select group of industry-leading M&E products exhibited at the show. DDN MEDIAScaler was chosen from a pool of hundreds of competing new products. DDN and Crossroads' collaboration was announced at the NAB Show last week, attracting hundreds of potential customers who need the performance of MEDIAScaler paired with the cost-effectiveness of StrongBox.
For more information on DDN MEDIAScaler, visit www.ddn.com/products/mediascaler.
For more information on the StrongBox NAS, 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.
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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 and Form 10-Q 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. Crossroads Systems undertakes no duty to update this information to reflect future events, information or circumstances.
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SOURCE Crossroads Systems