STOR gapping on news with CSCO. Tuesday October 9, 8:57 am Eastern Time
  Press Release
  SOURCE: StorageNetworks, Inc.
  StorageNetworks Delivers Backup and Restore Services to Cisco Systems
  Provides Software and Services To Significantly Improve Backup Yield In Cisco's IT Environment
  WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 9, 2001--StorageNetworks, Inc. (NASDAQ: STOR - news), the world's leading provider of data storage management services, announced today that it has implemented data backup and restore services to Cisco Systems Inc., the worldwide leader in networking for the Internet. Specifically, StorageNetworks is now delivering its STORbackup services to Cisco's engineering and computer services organization at Cisco's headquarters in San Jose, California. 
  StorageNetworks® STORbackup services are fully managed backup and restore services that provide the day-to-day operational management and support of backup environments for enterprise customers. These services are backed by a Service Level Agreement that guarantees 95% backup success rates within customer-specified backup windows. The services address the need for enterprise organizations to significantly improve backup yield - a metric that measures optimal host coverage, backup success rates, and backup policies that prioritize critical applications. 
  ``Data availability, protection and recovery are at the forefront of every CIO's mind,'' said Peter Bell, Chairman and Chief Executive Officer of StorageNetworks. ``With our software and services, companies like Cisco are implementing a strategy to optimize backup policies, thereby increasing data recoverability and minimizing data loss.'' 
  As part of the service, Cisco gains access to StorageNetworks' Virtual Storage Portal(SM) software. This software gives Cisco and other enterprise customers the ability to view their entire backup environment, with detailed success rate information displayed by host and saveset. 
  ``StorageNetworks' software and services help enterprise customers like Cisco automate and centrally manage their data backup and recovery operations, even across a highly distributed infrastructure,'' said Doug Chandler, program director, IDC. ``As enterprise customers consolidate their server environments, StorageNetworks' services can make that transition less risky, more cost efficient and easier to carry out.'' |