FOR IMMEDIATE RELEASE
Coraid Builds Momentum in Software-Defined Storage, Grows by a Factor of 12 in Three Years
Company Surpasses 1700 Customers in more than 45 Countries Worldwide
REDWOOD CITY, CA, — January 22, 2013 — Coraid® Inc., a leading provider of Ethernet storage solutions, today announced another year of strong momentum, with sales doubling over the past year and growing by a factor of 12 in the last three years. Coraid solutions have been deployed by more than 1,700 customers worldwide, spanning a wide variety of industries including manufacturing; finance; healthcare; education; public cloud service providers; federal, state and local governments; and defense.
Coraid offers a full range of block, file and storage management and automation products that deliver breakthrough elasticity and simplicity at scale using a new generation of Ethernet-based storage networking. Coraid EtherDrive® storage arrays feature a scale-out architecture that uses commodity hardware and a distributed operating system to pool storage resources into a single logical system.
In 2012, Coraid unveiled its EtherCloud™ platform for software-defined storage. Built on technology from the company's acquisition of Yunteq in late 2011, EtherCloud enhances business agility in the modern data center by radically simplifying delivery of scale-out infrastructure. "We have seen radical shifts in compute and networking infrastructure in the past few years away from monolithic, hardware-focused architectures to software-defined scale-out resources that are managed and controlled entirely through software," said Kevin Brown, CEO of Coraid. "It is now time for this transformation to come to storage as well."
While other vendors talking about software-defined storage are still in the vision and planning stages and have very limited customer adoption, EtherCloud has already been successfully deployed by more than 50 customers across the world. EtherCloud offers a rich set of features that enable simplicity at scale, including:
"As cloud architectures become more prevalent, Ethernet-based storage will continue to grow share and dominate the market," said Ashish Nadkarni, research director for the storage software practice at IDC. "This means that Ethernet and IP— based storage services will continue to gain adoption in the market. Suppliers like Coraid with mature software-defined storage and networking offerings on scale-out hardware will no doubt have an edge over the incumbents that have largely focused on Fibre Channel solutions."
At the August 2012 VMworld conference in San Francisco, Coraid garnered industry-wide attention with the first demonstration of software-defined storage integrating with software-defined networking solutions from Nicira, Big Switch and Arista. Following the show, The Wall Street Journal named Coraid a "Top 50 Startup," and Bloomberg Businessweek cited the company as a "Hot Enterprise Startup."
Coraid redefines storage economics with its breakthrough line of EtherDrive storage solutions. EtherDrive delivers scale-out performance, Ethernet simplicity, and an elastic storage architecture to handle massive data growth. Designed from the ground up for virtualization and cloud architectures, Coraid solutions have been deployed by more than 1,500 customers worldwide. For more information, visit www.coraid.com or follow Coraid on Twitter at www.twitter.com/Coraid or LinkedIn at http://www.linkedin.com/companies/Coraid.