Storewiz Changes Name to Storwize

Primary Storage Compression Whiz Kids Become Even Wiser with Recent Corporate Growth; Name Change Better Reflects Established Leadership Position

After a successful corporate launch and having established a firm foothold in the storage industry as the only provider of real-time, universal, transparent and rapid primary storage compression solutions, Storewiz Inc. today announced a name change to Storwize Inc. to better reflect its progression from startup company to full-fledged industry leader. The new corporate identity will become effective on October 1, 2007.

In the past year alone, Storwize has expanded operations in key global markets, established a worldwide channel partner program, relocated its corporate headquarters to a larger facility in the heart of Silicon Valley, introduced its third generation of primary data compression appliances, completed a Series B funding round of $9 million, won several coveted industry honors from analyst firms and leading IT publications, and added multiple new customers in different vertical markets worldwide.

“We are proud of our accomplishments and are committed to maintaining our momentum and technology leadership,” said Gal Naor, Storwize CEO. “Storwize is well represented by knowledgeable, talented and dedicated employees who are working together to provide innovative primary data compression solutions. These solutions are designed for organizations looking to intelligently reduce the amount of primary storage they have under management while minimizing the costs associated with running that storage. While our name change does not change our core competencies nor our mission to provide these beneficial appliances to customers looking for simple solutions that provide immediate ROI, it does more accurately reflect our position in the industry as those who have discovered a more intelligent way to store data.”

Storwize’s flagship solution, the STN-6000, features new data compression technology that leverages a powerful multi-core hardware platform. This technology allows existing infrastructures to store as much as five times more data than is available on average today with no performance degradation, helping the most data-intensive enterprises maximize their growing network infrastructure at a fraction of their current cost. This new product requires no workflow changes, no software agents, no drivers and no configuration changes.

For more information about the newly renamed company, interested parties can visit Storwize’s website at its new URL – www.storwize.com.

About Storwize

Storwize Inc. is the only provider of online data compression solutions that dramatically boost storage space on network storage environments. Storwize appliances are installed between the organization’s storage arrays and their network. Designed to work with any storage array it is connected to, the Storwize appliance typically provides organizations with 2-5X additional capacity with associated savings in capital, operational, maintenance and management resources. The company recently received funding from Sequoia Capital, one of the largest and most influential venture capital firms. Storwize solutions have been shipped to customer sites worldwide and successfully tested for interoperability with leading storage vendors such as EMC and NetApp.

Contacts

Storwize Inc.
Orli Amir, Vice President of Marketing
orlia@storwize.com
or
JPR Communications
Judy Smith, 818-386-0403
judys@jprcom.com

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