Gus, I just came across this news story. with your expertise, what do you think of STOR? (they haven't lowered guidance
STOR
10.45
+2.65
Monday April 9, 8:54 am Eastern Time
Press Release
StorageNetworks Sets New Standard for Storage Software Technology
Significantly Improves Customers' Control Over Heterogeneous Storage Environments
WALTHAM, Mass.--(BUSINESS WIRE)--April 9, 2001-- StorageNetworks, Inc. (NASDAQ:STOR - news), the world's leading provider of data storage management services, today launched major new capabilities and features in its software platform. This software, the most robust multi-vendor storage management platform in the industry today, gives customers significantly greater control over their heterogeneous storage environments. The software also ensures the quality of StorageNetworks' service delivery and maximizes the reliability of StorageNetworks' data storage management services. The updated software platform now includes version 4.0 of StorageNetworks' Virtual Storage Portal(SM) (VSP(SM)) storage service management software, version 2.0 of its STORos(SM) storage operating system and version 2.0 of its STORvision(SM) command and control software.
``One of the most significant challenges for companies deploying storage networks is managing the incompatible servers, storage devices and networking equipment that comprise a storage architecture,'' said Brad Nisbet, senior research analyst of storage systems at IDC. ``StorageNetworks has worked to solve this challenge by developing storage management software which allows it to manage the interoperability and scalability within customers' networks. An additional benefit is that the software provides an interface for the customer to view the storage environment within their own environment.''
STORos v2.0 Operating System: The Industry's First Storage Operating System
StorageNetworks announced today the latest version of its STORos operating system, which integrates and centralizes the distributed and heterogeneous management elements of the storage network. The STORos operating system provides a common structure that unifies storage resources through defined interfaces for information exchange, control and management. Additionally, it is the underlying operating system that supports StorageNetworks' innovative Storage Service Management applications -- the Virtual Storage Portal software and STORvision command and control software. Through work conducted at its advanced technology and software development labs, which perform extensive testing and integration, StorageNetworks has certified multiple industry leading storage technologies. These technologies include: Brocade, Cisco, Compaq, EMC, Hitachi, Legato, Network Appliance, StorageTek, Sun and Veritas.
A key new feature of the STORos operating system is an XML-based API that gives enterprise customers the ability to write applications from their existing management frameworks to the STORos operating system. Through the API, customers gain access to key information across the elements in their storage environment, while still utilizing their existing applications.
``The future of storage is data storage management services driven by software intelligence -- and at the core of this intelligence is the STORos operating system,'' said Peter Bell, chairman and CEO of StorageNetworks. ``We have created the foundation for robust storage management applications through which enterprise customers can significantly reduce costs and complexity.''
STORvision v2.0 Software: Delivering The Highest Quality of Storage
StorageNetworks also announced today version 2.0 of its STORvision software, the latest release of its command and control software. STORvision software enables the efficient and scalable management of the storage resources in StorageNetworks Global Data Storage(SM) Network (GDSN).
The StorageNetworks Global Operations Center (GOC) uses STORvision software to remotely monitor and manage events and changes within the storage network. STORvision software builds efficiency into the process of deploying and managing a heterogeneous storage environment -- streamlining procurement and configuration processes, sending event notifications that pertain to any component of the infrastructure and performing responses to specific events. The result is a scalable and highly reliable service that StorageNetworks' enterprise customers rely on to grow their storage environments.
Virtual Storage Portal (VSP) v4.0 Software: Empowering Customers With Greater Control
StorageNetworks also announced today version 4.0 of its industry leading Virtual Storage Portal software. This software is StorageNetworks' Web-based application that enables enterprise customers to closely analyze and monitor their storage environments as well as manage their data storage services. It provides current and historical information pertaining to availability, usage, capacity, performance, charge-backs and service-level metrics.
The Virtual Storage Portal software provides customers with the ability to manage and monitor their SAN, NAS and tape backup environments independent of the underlying devices, across geographically dispersed business sites. Version 4.0 of the Virtual Storage Portal software includes new features such as backup configuration reporting, improved SAN, NAS and tape topology views, and change management tracking.
``Questions CIOs have about their storage environments can take days or even weeks to find the answers to -- if they can even be answered at all,'' said Bill Miller, chief technical officer of StorageNetworks. ``Our customers can access all of the information about their data storage environments through the VSP software -- complex questions can be answered with detailed reports that are generated in just minutes. This increased control enables IT departments to become true service providers to their organizations.''
About StorageNetworks, Inc.
StorageNetworks, Inc. (NASDAQ:STOR - news) is the world's leading provider of data storage management services. Our technology, software and services enable enterprises to easily and cost-effectively store rapidly growing volumes of business-critical information. We simplify data storage management and empower our customers with increased control and optimal utilization of their complex storage environments. StorageNetworks' world headquarters is in Waltham, Massachusetts. For further information, visit our Web site at storagenetworks.com, email info@storagenetworks.com, or call 1-800-463-7105.
Except for the historical information contained in this announcement, the matters discussed in this announcement are or may contain ``forward-looking statements'' (as that term is used in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties as detailed from time to time in StorageNetworks' filings with the Securities and Exchange Commission (``SEC''). StorageNetworks draws the reader's attention to the factors described in its Annual Report on Form 10-K for the year ended December 31, 2000 under the heading, ``Certain Factors That May Affect Future Operating Results.''
StorageNetworks, Virtual Storage Portal, VSP, STORos, STORvision and Global Data Storage are servicemarks of StorageNetworks, Inc. All other brand and product names contained in this release may be trademarks or registered trademarks of their respective holders.
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Contact:
StorageNetworks, Inc.
Nicole Gorman
781-434-6716
nicole.gorman@storagenetworks.com
or
Schwartz Communications, Inc.
Barry Mason
781-684-0770
bmason@schwartz-pr.com |
