Click here to close now.



Welcome!

SAP HANA Cloud Authors: Liz McMillan, Ed Featherston, Pat Romanski, William Schmarzo, Ian Khan

News Feed Item

Gridstore Achieves Significant Milestones as It Delivers on the Promise of Software Defined Storage

Company Momentum Fueled by Explosive Scale-Out Storage Opportunity to Support Unmet Storage Demands in Big Data, Cloud and Virtualized Environments

MOUNTAIN VIEW, CA -- (Marketwire) -- 01/18/13 -- Gridstore™, the leader in software defined storage solutions, today announced significant momentum for 2012, surpassing company expectations across all operational areas as it successfully delivers on the promise of software defined storage. For Gridstore, 2012 was marked by a number of milestones including rapid customer adoption, the launch of an expanded partner ecosystem, the attraction of fresh funding in October 2012, and a growing portfolio of industry accolades and awards.

As businesses of all sizes suffer from the explosion of data growth, Gridstore is meeting data influx needs that monolithic legacy architectures have not been able to solve. As the first to market with an advanced software-defined, scale-out storage platform, Gridstore's solution is able to scale as a business' data needs scale, without over-provisioning or wasting capacity. Gridstore's flagship product, The Grid™ revolutionizes the way storage is managed and seamlessly integrated into existing environments. It delivers scalability, performance and cost-efficiency to support unmet storage demands in big data, cloud and virtualized environments.

"The proliferation of data across companies of all sizes is increasing the complexity of maintenance, data protection, and availability for IT departments. The mid-market feels the pressures of these issues most and therefore demands a storage infrastructure that is aligned to solve these challenges," said Amita Potnis, senior research analyst, storage systems for IDC. "Gridstore's scale-out storage solution called the Grid is specifically designed for the mid-market that is suffering from influx of data and can no longer scale using traditional storage."

As it successfully responds to the needs of the mid-tier market for dynamically scalable storage, Gridstore achieved the following company milestones during 2012:

  • Closed $12.5 million in Series A financing, in October 2012, in a round led by GGV Capital and Onset Ventures. The new funding has been leveraged to expand the company's sales channels and to accelerate the delivery of grid-based, scale-out storage.
  • Named former Drobo CEO and BlueArc Founder, Geoff Barrall, as executive chairman of the board. The storage-industry veteran and visionary brings decades of insight and leadership to Gridstore as it works to build highly successful new market opportunities.
  • Launched the Gridstore Accelerate Partner Program with attractive channel incentives to empower channel partners to deliver simple, powerful and affordable storage solutions to today's mid-size enterprises.
  • Named technology industry veteran, Chris Sterbenc, as vice president of sales to oversee the company's sales channel expansion as it embarks on the next wave of its growth strategy.

Gridstore has also been recognized with the following industry accolades and awards during 2012:

  • Won the 2012 Cloud Computing Excellence Award from TMC, as published in the January 2012 issue of Cloud Computing Magazine.
  • Selected as a 2012 Red Herring Top 100 Global Award recipient which recognizes leading private companies and celebrates startup innovation and technologies across their respective industries.
  • Secured a "Bronze" placement in the Storage Systems category for the 2011 Products of the Year presented by the editors of TechTarget's Storage Media Group, including Storage Magazine and SearchStorage.com.
  • Recognized as one of "The 10 Coolest Startups of 2012" by CRN Magazine, ranking No. 6 on the list of what the article calls "groundbreaking" startups.
  • Named a "Hot Storage Startup" by Enterprise Storage Forum.

"Our significant performance throughout 2012 is continued proof that our approach to scalable, high performance storage is distinctly positioned to change the game for today's storage paradigm," said Kelly Murphy, CEO, Gridstore. "In 2013, you will see Software Defined Storage emerge as the ideal architecture for the virtualized data center. And, as a result, customers will be able to benefit from the best possible price/performance combination with the flexibility and simplicity that is not possible with the monolithic storage solutions of yesterday."

News: @Gridstore achieves significant milestones as it delivers on the promise of software defined storage

Follow Gridstore on Twitter at http://twitter.com/gridstore

About Gridstore
Gridstore is the leading provider of software defined storage that turns simple storage building blocks into the world's most powerful and affordable storage without limits. Gridstore brings the era of mainframe-style monolithic storage and its disruptive forklift upgrades to an end. The Grid allows businesses to start small and pay as they grow to any size while growing more powerful with each additional block. We eliminate the frustrations of planning and forecasting for the unknown. No more headaches, no more disruption to the business. Now you can effortlessly give your organization the powerful storage it demands. Gridstore is headquartered in Mountain View, Calif. For more information, please visit: http://www.gridstore.com.

Media Contact:
Sabrina Sanchez
The Ventana Group
(925) 785-3014
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profession...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...