XIOtech Magnitude 3D Wins Silver Award in Storage and Searchstorage.com 2003 'Products of the Year' Competition

Business Wire,  Jan 14, 2004  

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Business Editors/High-Tech Writers

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Jan. 14, 2004

TechTarget's Storage and SearchStorage.com Honor Magnitude 3D for

its Dynamic Simplicity, Unmatched Resilience and Seamless Scale

XIOtech Corporation, a storage networking innovator, today announced that Magnitude 3D(TM) has won the silver award in the "Disk and Disk Subsystems" category of Storage and SearchStorage.com's 2003 Products of the Year Awards. Magnitude 3D, launched in August 2003, applies the proven benefits of clustered computing to storage area networks (SANs), delivering unmatched resilience, responsiveness, and scalability, while eliminating the complexity traditionally associated with clustered architectures.

The award is the latest in a string of accolades for Magnitude 3D. In a recent study by Enterprise Management Associates (EMA), Magnitude 3D was proven to provide a customer with 770% ROI in the first year after installation, 2130% after three years and a payback period of just seven weeks. In another study, Enterprise Storage Group (ESG) Lab found that Magnitude 3D provides an extremely simple SAN management environment, significantly reducing management costs while enabling more efficient operations.

Additionally, XIOtech recently announced that the company has been ranked #1 on the Minnesota Technology "Fast 50," an award recognizing the 50 fastest growing technology companies in Minnesota. XIOtech also recently announced that the company had been named to the top ten list of privately held storage networking companies by Byte and Switch, an influential Website that provides the latest news and analysis about the storage networking market.

"We are truly honored that Magnitude 3D has again been recognized for innovations that enable enterprises to reap unprecedented ROI and reduced TCO from their SAN," said Alain Andreoli, CEO of XIOtech. "Since launching this past August, Magnitude 3D has received tremendous acceptance in the marketplace, resulting in the best sales quarter ever for XIOtech in Q4 2003."

The Products of the Year were selected by a panel of judges that took into account innovation, performance, ease of integration, ease and use of manageability, functionality and value. The panel was made up of storage experts, including the editors of TechTarget's Storage and SearchStorage.com, a select group of Storage readers and independent storage analysts. Magnitude 3D was one of 15 Products of the Year chosen among all storage products introduced and shipped in 2003.

About XIOtech:

Founded with the express goal of blending storage technology innovation with enhanced usability, XIOtech challenges the status quo of traditional storage networking design. XIOtech has continuously demonstrated technology leadership, chalking up an impressive array of innovations culminating in Magnitude 3D, the industry's first distributed clustered storage solution. Today, the Magnitude family of storage solutions continues to deliver on a fundamental XIOtech promise: enable customers to "do more with less." This demonstrated blend of innovation and usability led XIOtech to recently win the Deloitte & Touch Fast 50 Award--named as the fastest growing technology company in Minnesota with growth in excess of 4900% over the past 5 years.

Current customers include Warner Bros., Merrill Lynch, Bechtel, Lucent, Andersen Corporation, Hibernia Bank, and St. Vincent Hospital. XIOtech has also partnered with industry leaders such as Microsoft, Oracle, Novell, VERITAS, Brocade, and QLogic. XIOtech is based in Eden Prairie, Minn. For more information, visit www.XIOtech.com, email info@XIOtech.com, or call toll free 1.866.472.6764.

XIOtech, Magnitude, Magnitude 3D, and Zero Server Footprint are trademarks or registered trademarks of XIOtech Corporation.

XIOtech, Magnitude, and Magnitude 3D are trademarks or registered trademarks of XIOtech Corporation.

About Storage:

TechTarget's Storage is the only monthly publication that provides IT executives, managers, and staff with in-depth analysis and forward-looking guidance on managing, storing, networking, and safeguarding the data at the core of large organizations. TechTarget distributes the magazine to a qualified controlled circulation of 50,000 storage-focused IT professionals(1). Since its debut in March 2002, Storage has received numerous awards, including eight ASBPE Awards for Editorial Excellence and two Folio:Show "Ozzie" Awards. In addition, the editorial staff of Storage has for two consecutive years been named a finalist for the prestigious Jesse H. Neal Awards for Excellence in Business Journalism.

About SearchStorage.com:

TechTarget's SearchStorage.com is the number-one online destination for storage-focused IT professionals providing more than 180,000(2) IT executives, managers, and staff with original editorial features, expert storage advice, Webcasts, and storage news from across the Web. SearchStorage.com serves the needs of IT professionals charged with purchasing, implementing, and managing storage systems at the core of large- and medium-sized businesses.