To: George Dawson who wrote (26719 ) 5/5/2000 11:47:00 AM From: J Fieb Respond to of 29386
Crossroads Announces Technology Partnership Fund Crossroads Kicks Off Technology Partnership Fund With First Investment in Local Austin InfiniBand Start-Up -- INH Semiconductor Corporation AUSTIN, Texas--(BUSINESS WIRE)--May 4, 2000-- Crossroads Systems Inc. (Nasdaq:CRDS - news), the leading developer and manufacturer of Fibre Channel storage routers, today announced the creation of the Crossroads Technology Partnership Fund. The fund, will invest in new and emerging companies, with leading edge technologies, that complement Crossroads' strategic direction. ``We are committed to maintaining our technology leadership in the market we serve,'' said Brian R. Smith, CEO of Crossroads Systems. ``The creation of the Technology Partnership Fund further underscores that commitment.'' Crossroads' first investment is in the semiconductor start-up, INH Semiconductor Corporation. Founded in 1999, INH is a privately held, stable semiconductor company based in Austin, Texas. The company provides I/O connectivity silicon for the demanding computing and embedded system environments. INH products offer high-performance, feature-rich solutions for implementers of InfiniBand and PCI-X systems. ``We are looking forward to working with Crossroads on the new industry-standard I/O architecture of InfiniBand in which we specialize,'' said Eric Johnson, CEO of INH Semiconductor Corporation. ``Combining our products with Crossroads' InfiniBand expertise will help us to more quickly enable tomorrow's Internet-centric, high-performance, scalable and reliable computing environments.'' ``Austin Ventures is excited about having Crossroads involved with INH Semiconductor and about their new Technology Partnership Fund. Early stage companies can definitely benefit from Crossroads' involvement, especially given their commitment to help mentor early stage companies,'' said Stephen Straus, a partner at Austin Ventures. ``In addition, we see the relationship between Crossroads and INH Semiconductor as a sign that Austin, Texas is building critical mass in the InfiniBand technology space.'' About Crossroads Systems Inc.