AUSTIN, Texas, Aug. 27, 2014 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced that Scottsdale, Arizona-based Meritage Homes Corporation, a leading residential building company, deployed Crossroads SPHiNX™ virtual tape solution to protect its critical business records.
With more than 84,000 homes built since its founding in 1985, Meritage relies on the constant availability of important data, including blueprints and project management information as well as customer and employee data. Meritage IT administrators needed to find a solution that would reduce their backup volumes to meet strict backup windows in their IBM environment, while still offering top-notch protection.
Meritage selected the Crossroads SPHiNX virtual tape system to aid their backup and data protection strategies. With SPHiNX, the company is able to expedite and simplify backup operations. Additionally, Meritage's commitment to sustainability is evident in their data center, as SPHiNX helps reduce the physical resources, energy and manpower needed to carry out critical backup processes.
"SPHiNX has proven to be a very reliable data protection solution that has significantly decreased our backup window and greatly increased our available data retention," said Stephen Thompson, senior systems engineer at Meritage Homes.
"Crossroads is honored to provide high-quality, efficient data protection for Meritage Homes, one of the nation's leading home builders with a clear focus on sustainability and innovation," said David Cerf, executive vice president of strategy and business development at Crossroads Systems. "SPHiNX is the ideal virtual tape solution for IBM environments and continues to prove its value by more than paying for itself in a short amount of time."
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. Visit www.crossroads.com/sphinx.
About Crossroads Systems Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data archive 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 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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