Company press release: "ON24 Inc. Selects Network Appliance to Help Meet Demand for Streaming Personalized Financial News:"
Wednesday March 15, 9:07 am Eastern Time
Company Press Release
ON24 Inc. Selects Network
Appliance to Help Meet
Demand for Streaming Personalized Financial
News
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 15, 2000--Network
Appliance (NASDAQ: NTAP - news), a leading provider of
network-attached data access and management solutions, today announced ON24 Inc., the financial personalcast(SM) network for the online investor, has chosen Network Appliance as its strategic provider of data storage solutions. ON24 selected Network Appliance because NetApp© F700 series filers meet the demanding performance requirements, rapid scalability and streaming video and audio content requirements of ON24 customers.
ON24 has deployed two NetApp F740 filers, Network Appliance's midrange file server that scales up to 900GB of storage capacity. One filer resides in the company's California office, the other in the New York office. Ten
servers -- including Windows NT©-based and Linux-based servers --currently access data on the filer in California and another ten access the filer in New York, both via virtual LAN environments at each location.
The Windows NT and Linux servers access a wide range of data stored on the filers, including streaming content viewed using Microsoft© Windows Media(TM) and RealNetworks© RealSystem(TM) G2. ON24 servers also access XML documents for subscribers and affiliates to post on their portal
sites, and HTTP and HTML pages accessed directly by subscribers through the ON24 site.
``NetApp filers give us the scalability, performance and reliability we need to rapidly deliver streaming video and audio to our users,' said Sharat Sharan, president and
CEO, ON24 Inc. ``Investors depend on us for complete and instantaneous financial information. The filers help ensure we can store and serve that information in a timely way so ON24 users can make critical investment decisions. '
``Network Appliance is an ideal solution for companies like ON24 that stream multimedia financial content to sophisticated customers over the Web,' said Larry Kubo, vice president of marketing, Network Appliance, Inc. ``We look forward to continuing to deliver the storage technology they
need to keep pace with the data management demands in the financial 'personalcast`` market they're pioneering.'
ON24 Inc. is a participant in Network Appliance's ``Powered by Network Appliance' program, a branding initiative designed to foster business development and enhance the exposure of Internet companies with e-business driven strategies. Network Appliance powers nine out of the top ten ISPs, 13 out of the top 15 web sites and over 600 Internet customers worldwide.
About ON24 Inc.
ON24 Inc. is the financial personalcast network for the online investor. ON24's programming is available free to more than 70 million users through its partnerships with some of the leading Web and financial portals including
Yahoo! Finance, AltaVista Money, SNAP, InfoSpace, and Lycos. As of February 2000, eight and a half million page impressions and nearly two million stream views are downloaded on a monthly basis. With more than 450 financial partners, ON24 is virtually everywhere. The company, founded
in 1998, is privately held in San Francisco.
About Network Appliance
Network Appliance, a veteran in network file serving and caching, has been providing data access solutions since 1992 and is a member of both the S+P 500 and NASDAQ 100 index. Major corporations and ISPs, including Lycos, Yahoo!, Citicorp Securities, Siemens, Lockheed, Cisco, Motorola and Texas Instruments have deployed NetApp solutions. NetApp's Internet caching solutions (NetCache(TM) appliances) and file servers (``filers') deliver fast, simple, reliable and cost-effective access to network-stored data and enable
simultaneous shared file services for UNIX©, Windows NT© and the World Wide Web.
The company pioneered the concept of the ``network appliance,' an extension of the industry trend toward dedicated, specialized products that perform a single function. Network Appliance filers and NetCache appliances are based on the Company's innovative data access software known as Data ONTAP(TM) operating system and standards-compliant hardware. More information is available at netapp.com.
NetApp is a registered trademark and Network Appliance, Data ONTAP and NetCache are trademarks of Network Appliance, Inc in the United States and other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.
Contact:
Network Appliance, Inc.
Adam Trunkey, 408/822-6314
Atrunkey@netapp.com
or
ON24, Inc.
Jenny Benton, 415/369-8025
jenny@ON24.com
biz.yahoo.com
Lynn |
