(BSNS WIRE) Nishan Systems to Revolutionize Storage Area Networking; Comput
Nishan Systems to Revolutionize Storage Area Networking; Computer Industry
Giants Join Leading Venture Capitalists to Back Start-Up's Storage over IP
Plans
Business Editors
SAN JOSE, Calif.--(BUSINESS WIRE)--May 22, 2000--Nishan Systems
today announced that it will revolutionize the Storage Area Networking
(SAN) market, by creating a complete end-to-end solution based on the
proven networking standards IP and Gigabit Ethernet. Nishan and its
partners will introduce Storage over IP(TM) (SoIP(R)), which combines
the best features of today's first-generation SANs -- high
availability and performance -- with the best features of IP networks
-- product compatibility, established standards, and scalability.
Nishan also announced that it has signed investment agreements
with a number of the world's leading storage and computer companies.
These investments bring Nishan's total funding from leading
corporations and venture capital institutions to over $40 million.
Prior rounds of financing came from premier technology venture
capitalists, including Altos Ventures, ComVentures, Discovery
Ventures, Raza Ventures, Sofinnova Ventures, and Weiss, Peck & Greer
Venture Partners.
SoIP will leverage the unprecedented improvements in the IP
infrastructure itself and provide vendor interoperability, an
unrealized goal that continues to plague current SAN offerings. In
addition to serving the traditional enterprise and service provider
customer segments, SoIP also will help develop an entirely new type of
service -- online storage.
"Every once in a while, a company has an idea that changes an
entire industry," said Aamer Latif, president and CEO of Nishan
Systems. "SoIP is an idea that will completely transform the storage
networking industry. By integrating storage with IP, Nishan and the
other SoIP companies will allow enterprises and service providers to
use their expertise in designing and managing IP networks to solve the
exploding storage access problem. Until now, widespread SAN adoption
has been curtailed by proprietary implementations. With the advent of
SoIP, we and our partners will enable the broad deployment of SANs."
While the SAN market is projected to reach $2.8 billion (Source:
IDC for 2003), a recent Enterprise Management Associates report showed
that nearly half of the IT managers surveyed were not planning to
implement SANs, with many citing a lack of standards as a serious
problem. SoIP leverages existing standards, including native IP and
Gigabit Ethernet, to break down the barriers to widespread SAN
deployment, and enable the SAN market to reach its full potential.
In addition to investing in Nishan to create an end-to-end SoIP
solution, the company's partners will provide extensive applications
experience and features validation. The companies backing Nishan
represent over $150B in revenues, and have customer relationships with
virtually every major enterprise and service provider.
World-Class Management and Technology Teams
Nishan brings together world-class management and technical
expertise from the data networking, storage networking, ASIC, and
storage industries. Nishan's management and board members bring
executive experience from the leading high-technology companies,
including Cisco Systems, 3Com, Hewlett-Packard, Amati Communications,
Toshiba, and AMD.
About Nishan Systems
Nishan Systems, based in San Jose, California, was founded in 1998
to develop and deliver next-generation Storage Area Networks that
employ Storage over IP. Nishan and its partners are creating an
end-to-end, SoIP-based SAN solution that improves application
performance and accessibility, while it reduces the total cost of
ownership for data storage networks. By enabling enterprises and
service providers to use their existing IP infrastructure to carry
storage data, Nishan is helping make the vision of a single network
for data, voice, and storage a reality. Nishan Systems can be reached
at www.NishanSystems.com, and at 408-435-8390.
Nishan Systems and Storage over IP are trademarks, and SoIP is a
registered trademark of Nishan Systems, Inc.
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CONTACT: Bairey & Bedford Public Relations
Kaye McKinzie, 415/927-7365
kaye@b2pr.com
or
Nishan Systems
Gary Orenstein, 408-435-8390 x311
go@NishanSystems.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS NETWORKING
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