Panasas Grows 48 Percent in First Half of 2009>
Panasas Grows 48 Percent in First Half of 2009
(Thomson Reuters ONE) - Dramatic Growth Driven by New Products, Rapidly Growing GlobalCustomer Base, and Expanded PartnershipsFREMONT, CA--(Marketwire - July 09, 2009) - Panasas, Inc., theleading provider of high-performance storage for the world's mostdata-intensive applications, today announced that the companyincreased sales by 48 percent in the first half of 2009, ending June30th, as compared to the same period in 2008. This compares to anoverall decline in the storage industry noted by industry researchfirm IDC, whose recent report indicated a year-over-year decrease of18.2 percent in worldwide sales for storage vendors in the firstquarter of 2009. Panasas attributes its accelerated growth to aseries of new product introductions and enhancements as well asbroader customer and channel adoption."Panasas has knocked it out of the park during a time ofunprecedented global economic stress," said Robin Harris, founder andsenior analyst, StorageMojo. "The company's performance leadershipprovides real business advantage to data intensive enterprises whileproviding traditional enterprise availability and reliability.Customers are fleeing to value, and Panasas is benefitinghandsomely."New Products and EnhancementsIn April the company announced a new family of Panasas ActiveStorhigh performance storage platforms which offer an unprecedented rangeof price/performance options and in June began shipping new dataprotection and performance features that are helping to broadenPanasas' value proposition throughout data-intensive enterprises.Also in the first half, Panasas announced a new industry-leading"turbo hybrid" platform -- the Panasas ActiveStor Series 9 system --which is scheduled to begin shipping in the second half of 2009. TheSeries 9 is expected to further expand Panasas' appeal into newmarkets and applications, as it will be the first product in themarket to combine the benefits of high performance throughput andIOPS (I/Os per second) with integrated and automated tiered storagecapabilities.Broader Customer AppealPanasas secured the highest quarterly number of new customers in thecompany's history during the second quarter of 2009. Among thosecustomers, over half came from "commercial" applications inindustries such as manufacturing, consumer goods, energy, finance,and life sciences, with the remainder coming from government andleading research institutions. One third of the overall sales camefrom international regions."We are extremely pleased with the record number of new customersthat have chosen to invest in Panasas solutions this year," saidRandy Strahan, CEO of Panasas. "The feedback on our new products,pricing, and system quality has been outstanding and we look to buildon that as we move into the latter half of the year."Expanded PartnershipsDuring the first half of the year, Panasas significantly broadenedits solution and reseller partnerships, including relationships with:-- IBM -- Power 6 systems compatibility-- Intel -- use of Intel solid state drives (SSDs) as part of Panasas' upcoming ActiveStor Series 9 system-- ANSYS -- tighter solution integration and leading performance benchmarks with this leading computer aided engineering (CAE) software providerOver half of Panasas sales in the most recent quarter were transactedvia the company's growing reseller partnerships, including both Delland SGI globally, and regional partnerships that include CSC, PenguinComputing, Verari, Appro, CTCSP, SSTC, ModernTech, BVS, E4,SouthPole, PanAmerica Computers, VX Technologies, and ClusterVision.Panasas also added several new resellers this quarter including JRT,Advanced Technology Group, and Aspen Systems.About PanasasPanasas, Inc., the leading provider of high-performance storage forthe world's most performance-intensive applications, helpscommercial, government and academic organizations accelerate theirtime to results, leading to real-world breakthroughs that improvepeople's lives. Panasas high-performance storage systems enablecustomers to maximize the benefits of high-performance computers andclusters by eliminating the storage bottleneck created with legacynetwork storage technologies. Panasas ActiveStor Parallel StorageClusters, in conjunction with the PanFS(TM) parallel file system,offer the most comprehensive portfolio of high-performance storagesolutions for compute-intensive environments. Panasas isheadquartered in Fremont, California. For more information, pleasevisit www.panasas.com.Panasas, the Panasas logo, ActiveStor, DirectFLOW and PanFS aretrademarks or registered trademarks of Panasas, Inc. All othertrademarks are the property of their respective owners.Media Contact:Mary Van Zandtpanasas(at)trainercomm.com817-561-6549This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 09.07.2009 - 12:00 Uhr
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