Hitachi Ltd. Joins Strategic Investors in DataCore Software; DataCore Also Receives Follow-on Investment from Intel
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 29, 2001--DataCore Software Corporation today disclosed that Hitachi Ltd. participated as a strategic investor in its recently announced round of financing. The Intel Communications Fund also provided a follow-on investment.
"Virtualization is one of the key technologies for enriching storage solution infrastructure and DataCore is the leading technology provider in this arena. We are very pleased to be able to invest into this promising company. Hitachi is pursuing possible opportunities for enhancing Hitachi's total storage solution for our customers," said Mr. Ikuo Kimura, chief operating officer and general manager, Storage Solution Division of Hitachi, Ltd.
"Intel believes that the combination of DataCore SANsymphony and Intel storage building blocks will enable a rapid industry transition to networked storage products that will provide easy access to storage anywhere," said Wendy Vittori, general manager of Intel's IO and Bridges Division.
"Hitachi is one of the world's leading electronics companies, with a dominant presence in the storage and storage management markets. Intel is the world's largest chipmaker and a major manufacturer of computer, networking and storage infrastructure products," stated George Teixeira, president and chief executive officer of DataCore. "We are pleased to have received investments from such key companies in our segment."
DataCore has earmarked the latest financing to help expand its collaboration with major OEMs and resellers in North America, Europe and Asia. Enhancing support for these business partners and their enterprise accounts opens up worldwide opportunity for `Powered by DataCore' solutions.
About the Company
DataCore Software Corporation is the leader in storage virtualization and networking software. The company's award-winning SANsymphony(TM) storage control software dramatically improves ROI and storage utilization by converting `islands' of disparate storage into networked storage pools, enabling the easy allocation of storage capacity. DataCore distributes its software products through the SANvantage Partner Program including its authorized and technical channel and major OEM partners worldwide. Founded in 1998 by some of the industry's most respected storage technologists, DataCore is privately held with headquarters in Ft. Lauderdale, Fla., and other US offices located in CA and NC with international sales and service operations located in London, Paris, Munich, Tokyo, and Sydney. For more information, call (877) 780-5111 or visit www.datacore.com.
DataCore, the DataCore Logo, and SANsymphony are trademarks of DataCore Software Corporation. Other DataCore product or service names or logos referenced herein are trademarks of DataCore Software Corporation.
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