Sep 24, 2001
The tremendous growth of digital information is causing significant shifts in the storage market as new technologies and IT infrastructures are required to manage that information flexibly and easily. New infrastructure will involve the widespread and rapid introduction of network storage solutions and new consumer applications for storage.
Today, Storage Area Network (SAN) solutions have emerged as a "new" storage infrastructure to store, access and manage enterprise-wide data in a more scalable and flexible manner. XIOtech is a pioneer in the SAN market developing comprehensive network storage solutions for business customers. Its unique storage virtualization technology provides the ability to stripe across and utilize all available space in a centralized storage pool, enabling storage to be centrally managed and shared with a heterogeneous server network.
Beyond the enterprise, storage technology is enabling a wide range of consumer electronics (CE) applications such as Digital Video Recorders (DVR), game consoles, home audio, Internet caching devices, automobile information systems and smart household appliances. Today, Seagate is the world's leading supplier of disc storage in the CE market. The Company is currently shipping its sixth generation of products for consumer devices, and continues to develop storage technologies with leading CE companies to accelerate advances in home entertainment.
"Digital content is growing at an exponential rate and new storage requirements and technologies are needed to address this trend," said Joel Stead, Seagate senior vice president of Worldwide Sales and Marketing. "As a leading provider of storage solutions, Seagate continues to innovate to deliver the best-in-class products for our customers' evolving needs. Change is always challenging, and to succeed today, storage technology providers must proactively adapt to changing market conditions."
IDC is a division of IDG, the world's leading IT media, research and exposition company. IDC delivers dependable, high-impact insights and advice on the future of ebusiness, the Internet, and technology to help organizations make sound business decisions. IDC forecasts worldwide markets and trends and analyzes business strategies, technologies, and vendors, using a combination of rigorous primary research and in-depth competitive analysis. IDC provides global research with local content through more than 600 analysts in 43 countries worldwide. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at http://www.idc.com.
XIOtech Corporation, a wholly owned subsidiary of Seagate, develops comprehensive network storage solutions for business customers. The XIOtech MAGNITUDE hardware platform is based on the company's exclusive Real-Time Data Intelligence (REDI) software family - the first in the industry to incorporate true storage virtualization. The MAGNITUDE hardware platform, along with our comprehensive suite of application-specific software, makes storing, managing, safeguarding and retrieving data on heterogeneous computing platforms easy and cost effective. Founded in 1995, the company's growing list of customers include Fortune 2000 firms in the fields of accounting, e-commerce, education, finance, gas and oil, government, healthcare, imaging, insurance, law, manufacturing and retail. XIOtech is an active participant in the Storage Networking Industry Association (SNIA) through Seagate Technology, which is a voting member. For more information, visit XIOtech's Web site at http://www.xiotech.com, call (952) 983-3000, or email firstname.lastname@example.org.
Seagate is the world's leading provider of storage technology for Internet, business and consumer applications. The Company's products include disc drives for the Enterprise, PCs and Consumer Electronics, as well as Storage Area Network (SAN) solutions. Seagate's market leadership is based on delivering award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com.
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