Megadrive Systems to Pursue High-Growth Network Storage Market; Company to Reposition Operations to Address the Network Storage Needs of High-Performance Computing Environments
CHATSWORTH, Calif.--(BUSINESS WIRE)--March 3, 1998--MegaDrive Systems Inc., a leading manufacturer of high-performance, cross-scalable mass storage solutions for Digital Media markets, Tuesday announced that the company has undertaken a strategic repositioning to serve the changing and expanding needs of its customers.
Through these efforts, the company intends to build a leadership position in the market for high-performance network storage products and systems, an emerging market that analysts have predicted will grow to $10 billion by the year 2001.
"While continuing to focus on high-performance, fault-tolerant, cross-scalable solutions, MegaDrive will expand its product horizons to better address the increasingly demanding needs of network storage users in high-performance, image-intensive computing environments," said Alex Bouzari, president and co-chairman of MegaDrive Systems.
"We see a major industry shift in the definition of network storage, and we are positioning MegaDrive to directly address this emerging opportunity. The trend towards organizing and distributing data storage and image content as an integral part of network computing, and designing it as a worldwide network resource, has just begun.
"This represents a major shift, and one that enables users, workgroups and applications to share data and content across a much broader community, and to implement new, data-intensive applications significantly faster and more cost-effectively than in the past.
"We are determined to make MegaDrive a leader in this market and have made, and will continue to make, considerable investments to secure this position," he added.
The market for network-centric data storage is an emerging one that is growing rapidly. This growth is fueled by: the explosive growth of the Internet and related network computing; new data-intensive applications in areas such as data visualization, data warehousing and data mining, and related analytical data processing; and multimedia and related big data types, such as digital movies and medical and satellite imaging.
Traditional storage, as it is currently defined, is ill-suited for this growth and these new data-intensive applications. They are severely limited by the relatively narrow bandwidth of computers' input/output channels and the burden placed on the CPU to manage storage while processing applications.
Moving and transforming data has replaced computing as the central requirement of today's information systems, adding even more of a performance and management burden to traditional systems.
MegaDrive has a leading position in the traditional storage market that it will use to leverage its repositioning and redefining of network storage. The impact on MegaDrive's current customer base is expected to be very positive as the company offers new and unique solutions to "network storage."
The company is developing an offering which will eliminate the limitations of cross-platform file sharing and data transfer, opening up truly collaborative computing -- from both hardware/software and data/files/information angles. MegaDrive's current entertainment and image market customers can benefit greatly, as can a host of other industries, companies and alliance organizations.
About MegaDrive Systems
Founded in 1988, MegaDrive Systems has quickly grown to become a leading manufacturer of high-performance mass storage, data management and network topology solutions for storing, distributing, sharing, manipulating and managing digital media.
Recognized for combining world-class quality and open-architecture design with a turnkey approach to implementation, MegaDrive's award-winning Ultra SCSI and Fibre Channel solutions have become the de facto standard for digital media applications such as film, video and broadcast, imaging, visual simulation and prepress/publishing.
Strategically designed through a comprehensive technology roadmap, MegaDrive products ensure virtually unlimited future upgrade potential and compatibility with existing legacy devices.
With performance ranging from 40MB/sec to well over 1GB/sec, and capacity ranging from just a few gigabytes to massive multi-terabyte installations, storage solutions from MegaDrive provide the performance, scalability and fault tolerance to keep digital media professionals on the cutting edge of content creation and manipulation.
MegaDrive's storage solutions are compatible with workstations from SGI, Sun, IBM and DEC, as well as Windows NT and Mac OS, and are backed by 7x24, global, on-site service and support. The company's Web site is located at megadrive.com. -0- NOTE: Copyright 1998 MegaDrive Systems Inc. MegaDrive and the MegaDrive logo are trademarks of MegaDrive Systems Inc. General Notice: Some of the product names used herein have been used for identification purposes only and may be trademarks of their respective companies. Specifications subject to change without notice.
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CONTACT:
MegaDrive Systems Inc., Chatsworth
Gary Kevorkian, 818/700-7661
818/700-7601 (fax)
gkevorkian@megadrive.com
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