Compellent Named World's Fastest Growing Storage Area Network Company By Leading Analyst FirmAugust 25, 2008
EDEN PRAIRIE , Minn. , Aug. 25, 2008 – Compellent Technologies, Inc. (NYSE Arca: CML) today announced it is the fastest growing block-based, external storage company in the world according to the report “Market Share: External Controller-Based Disk Storage, Worldwide, 2004-2007” released Aug. 11, 2008, authored by Roger Cox. According to Gartner, Compellent saw a 113 percent increase in revenue from 2006 to 2007, capturing the top growth position worldwide for the second year in a row for its storage area network (SAN).
“Our growth is fueled by our innovation; we provide real-world technology answers to needs that other storage solutions simply don’t address,” said Bruce Kornfeld, vice president of marketing, Compellent. “The result is that mid-sized enterprises are becoming Compellent customers rather than trying to make expensive, legacy storage solutions fit their needs. We believe Gartner’s latest market share numbers are indicative of Compellent’s value proposition to organizations seeking to virtualize and green their data centers while creating a sophisticated disaster recovery solution.”
Mr. Cox, research vice president, Technology and Service Provider Research, Gartner, concludes:
“When you couple thin provisioning with automated tiered storage, thin remote replication and boot from SAN, you get more than just good storage asset utilization and improved productivity for your storage administration team. You also get ‘green.’ And that's green in terms of environmental benefits as well as dollar savings.”
Source: Gartner, “Emerging Storage Vendors: Compellent Offers Competitive Alternative to Mainstream Midrange Disk Array Vendors,” August 6, 2007.
About Compellent
Compellent is a leading provider of enterprise-class network storage solutions that are highly scalable, feature rich, and designed to be easy to use and cost effective. The Storage Center solution from Compellent is a storage area network (SAN) that helps significantly lower storage and infrastructure capital expenditures, reduces the skill level and number of personnel required to manage information, and enables continuous data availability and storage virtualization. Compellent Technologies’ principal offices are located in Eden Prairie, Minn. For more information, please visit: http://www.compellent.com.
Contact Information:
Liem Nguyen
Compellent Technologies
952-294-2851
liem.nguyen@compellent.com
Patty Barry
Matter Communications
978-499-9250 x231
patty@matternow.com