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Network Storage Corporation Engages SASI to Explore Strategic Options

Posted on: Thursday, 15 June 2006, 12:00 CDT

Network Storage Corporation (NSC), a network attached storage (NAS) software innovator with its SPANStor technology, today announced it has retained Strategic Advisory Services International, LLC (SASI) to explore strategic options including sale of the company.

SPANStor is an award-winning multi-protocol enterprise-enabled NAS software suite that is currently fielded worldwide in the mid-range storage market, the fastest growing segment of the storage market. Over the past few years, SPANStor enabled products have received numerous awards including "NAS Product of the Year" Well Connected award, Network Computing Magazine's Editors Choice Award, and PC Magazines Editors Choice Award. SPANStor offers many unique functions and capabilities and is deployed in production environments ranging from large commercial enterprises to governmental organizations worldwide. "With over three generations of SPANStor deployed to thousands of commercial and government users, SPANStor has proven that enterprise class features like replication and high availability combined with our innovative journaled file system technology provide exceptional value in the mid-range market," said Brad Clemmons, President of NSC. "SPANStor Version 6 will be released this summer, further enhancing our advanced snapshot file systems with additional virtualization, security, and robustness." Current SPANStor end-users include a balanced mix of government and commercial companies like: GE Security, Procter and Gamble, Lexmark, West Telemarketing, US Internal Revenue Service, US National Institutes of Health, Taiwan Futures Exchange, Cubist Pharmaceuticals, NSA, and NOAA. NSC sells today primarily through indirect channels including OEM, System Integrator, and VAR partners.

NSC has been primarily focused on software development and recognizes that market penetration through channel development can best be achieved by aligning with a strategic partner. While seeking a strategic partner, NSC plans to maintain current business activities and investment in SPANStor.

Please direct inquiries to John Rotchford, Managing Director at SASI, Phone: 760-944-3522, e-mail: john@sasillc.com.

About NSC

NSC is a privately held company based in Herndon, Virginia, that develops and markets the award-winning SPANStor software platform and a family of scalable, dedicated Network Storage systems for UNIX, Windows, and the Internet. NSC storage solutions deliver fast, reliable, cost-effective, and simple access to information. More information is available at www.spanstor.com.

About SASI

SASI is a boutique M&A advisory firm focused on serving private, venture-backed technology companies. The firm is led by John Rotchford, a 15-year technology veteran with a unique blend of investment banking, strategy consulting, corporate development and start-up experience. John has worked at leading technology investment banks SVB Alliant and Jefferies Broadview and brings industry insights through strategy roles at Iomega, Compaq, and EDS. Please visit www.sasillc.com for more information.

 Please direct inquiries to: John Rotchford Managing Director SASI Phone: 760-944-3522 e-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=72124AA8B2449161  

SOURCE: Network Storage Corp

Source: MARKET WIRE

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