ONStor Secures Additional Round of Funding
of clustered NAS solutions for primary and value-tier storage for enterprises
and content-rich organizations, today announced it has secured an additional
round of funding from its key investors: Mayfield Fund, Foundation Capital,
and Sand Hill Capital. The latest round of funding closed earlier this week.
“Given the challenging economic climate, we are extremely pleased with the
strong endorsement these leading investors have given to our business strategy
and solution portfolio,” said
board. “Their ongoing support reflects the market demand for our scalable NAS
solutions in the enterprise. ONStor cuts costs through storage and server
consolidation and makes growing a data center simple and cost effective,”
Miller continued, “Our customer retention rates continue to be well above the
industry average, and our goal is to achieve profitability in 2009.”
The additional round of funding will be used for ongoing operational
expenses and new product development, as well as business growth and marketing
programs dedicated to attracting additional IT solution providers and
customers.
About ONStor
ONStor provides clustered NAS solutions for both primary and value-tier
storage, focusing on enterprise data centers and content-rich organizations
and giving customers the ability to cost effectively manage the accelerating
growth of unstructured data. ONStor’s award-winning solutions deliver flexible
data management, protection, and file server consolidation for a new
generation of data-intensive applications through a combination of advanced
technologies including virtualization and energy-efficient design.
Proven at customer sites worldwide, ONStor Pantera integrated NAS systems
plus Cougar and Bobcat clustered NAS gateways offer the broadest choice of
storage and enable customers to easily scale storage with the lowest total
cost of ownership (TCO). ONStor solutions are available through a global
network of resellers and distribution partners. More information about ONStor
can be found at http://www.onstor.com.
ONStor and the ONStor logo are trademarks of ONStor, Inc. in the U.S. and
other countries. All other marks and trademarks are or may be the property of
their respective owners. Information regarding products, services and
offerings may be superseded by subsequent documents and is subject to change
without notice. For the latest information and specifications regarding
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SOURCE ONStor, Inc.