Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Nordgren who wrote (27172)	5/29/2000 9:26:00 AM
From: J Fieb	Read Replies (1) \| Respond to of 29386

Attention Q/A, got this one all figured out? Looks like just Reyes' money and not BRCD? Any help out there. -------------------------------------------------------------------------------- CommVault Gets Microsoft Investment AARON RICADELA WITH BARBARA DARROW, TECHWEB FINANCE Microsoft has made an undisclosed investment in CommVault Systems Inc., a privately held vendor of storage-management software. It's part of a $25 million fourth round of financing for CommVault that includes Van Wagoner Funds Inc. and Brocade Communications Systems president and CEO Greg Reyes. The Oceanport, N.J., company, which was spun off from Bell Labs in 1996, will use the funding to accelerate development of its Galaxy storage-management software, and add distribution capacity and product support, says CEO Bob Hammer. Until Galaxy, which runs on Windows, hit the market in January, CommVault sold mostly Unix-based products, including its flagship offering, Vault98. Windows-based software accounts for about half of CommVault's sales. Microsoft group product manager Michel Gambier says Galaxy is an enterprise product built from the ground up on Windows 2000, while other storage products have "evolved mainly from Unix." iweek.com What commvault says..... OCEANPORT, N.J., May 17, 2000 - CommVaultSystems, Inc.© today announced that it is extending its strategic alliance with Microsoft Corp. (Nasdaq: MSFT) to provide customers with advanced data protection and data management solutions for enterprise computing environments. The objective of the alliance is to accelerate the deployment of the recently announced CommVault© Galaxy? storage management suite on Windows 2000. Microsoft will work closely with CommVault and has made a limited equity investment to achieve this objective. ?The completion of this agreement and Microsoft?s participation as the lead investor in CommVault?s recently concluded mezzanine funding is evidence of our mutual commitment to deliver industry-leading enterprise class storage management solutions,? said Bob Hammer, chairman, president and CEO, CommVault Systems. ?Data and storage management have never been more important to our customers, especially as the number of business-critical applications deployed on Windows 2000-based servers is accelerating,? said Brian Ball, general manager of Enterprise Server Products at Microsoft. ?These applications impose requirements for high reliability, scalability and manageability. CommVault is known for best-of-class data management solutions for Microsoft applications in large-scale heterogeneous environments. The Galaxy solution brings that same level of application integration and scalability to the Windows 2000 platform.? ?We made a bet on Microsoft two years ago,? Hammer continued. ?Our vision was to take the knowledge and expertise CommVault gained from ten years of enterprise storage management experience and create a next generation architecture to address new customer requirements created by the explosive growth of data and the inevitable shift in computing models to NAS and SAN data-centric models. The bet was that the Windows 2000 Server software would provide the reliability, scalability, availability, and performance to support that architecture. Microsoft delivered.? ?CommVault?s vision and reputation for providing first class storage management functionality for Microsoft applications can help validate CommVault as a key player in the storage management industry,? said Steve Widen, storage analyst, International Data Corporation. ?Through the direct marketing and engineering support from Microsoft Corporation and the expected acceptance of its next-generation Galaxy product suite, CommVault has positioned itself as one of the leading providers of storage software solutions for Windows 2000.? ?Microsoft's equity investment in CommVault Systems speaks highly of CommVault's next-generation storage management solution architecture and the potential that it promises to enterprises either deploying now or planning to deploy Windows 2000,? said John Webster, senior analyst, Illuminata, Inc. ?With the continued adoption of Windows 2000, and the evolution of SAN, NAS, and hybrid storage environments, CommVault is very well positioned to leverage its technology leadership in streamlined, seamless storage management for Windows 2000 enterprises.? CommVault Galaxy is the first new enterprise class data protection product developed in the last ten years, and the only one specifically designed to provide heterogeneous storage and data management from a Windows platform. This is especially important with the increasing popularity of new data-centric computing models such as Network Attached Storage (NAS) and Storage Area Networks (SAN). The business benefits of Galaxy to customers are: more reliable data protection on a much larger scale than previously available; advanced data management and faster access to business critical data through Galaxy?s tight integration with key Microsoft applications such as Exchange and SQL Server; faster deployment and easier management from a single, unified Windows 2000-based console; and the ability to assist in the migration from previous Windows operating systems and applications to Windows 2000 operating systems and applications. For example, Exchange 5.5 data can be backed up today from either Windows NT 4.0 or Windows 2000-based servers and recalled later for use in Exchange 2000. ?Our close working relationship with Microsoft in the past has resulted in award-winning solutions that have been enthusiastically received by our customers,? Hammer said. ?This new agreement creates a foundation for even greater innovation in the future.? About CommVault Systems Guess this is where some of the $$ from the sale of BRCD stock went.