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| [February 26, 2013] |
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Spectra Logic Installs More Than Half an Exabyte of Tape Storage Capacity in First Half of FY2013
BOULDER, Colo. --(Business Wire)--
Spectra
Logic today announced strong revenue and profitability results for
the first half of fiscal year 2013, which ended December 31. Following
six consecutive years of profitability, Spectra Logic's momentum
continued as high capacity, tape-based archives have become the
prevailing standard for media and entertainment, high performance
computing (HPC), cloud and general IT organizations challenged with
storing, managing and accessing massive amounts of unstructured file
data. Company revenue increased nine percent year-over-year during the
first half led by strong revenue growth of Spectra's flagship product,
the Enterprise T-Finity
tape library. The company installed 550 Petabytes (or .55 Exabytes)
of tape library storage capacity during the six-month period ended
December 31.
"Our financial strength combined with strong growth in the file archive
market is enabling us to invest significantly in R&D, which will be
reflected in a strong slate of new products and technologies this coming
year. In fact, over the next 12 months we plan to launch a large number
of new data storage products - more than were released in the past five
years combined," said Nathan
Thompson, Spectra Logic's chief executive officer. "The value of
tape technology and its essential role in today's modern data centers is
indisputable for both traditional backup as well as the tape-based file
archive market. This value is recognized and embraced by leading
organizations worldwide - and is reflected in Spectra Logic's consistent
growth and momentum."
Data storage trends bolstered the company's growth as unstructured data
continued to grow unabated, with many of the world's largest data
centers storing Petabyte- and Exabyte-level data volumes on automated
tape library platforms. An example of this was the installation of the
tape archive system for NCSA's
BlueWaters supercomputing system, which is one of the largest and
most powerful supercomputers in the world. Data storage needs for highly
scalable, power efficient platforms helped fuel demand for Spectra's
integrated tape library and disk appliance storage solutions, and
accelerated demand for its tape-based data storage archives.
"Spectra Logic has a proven reputation for storage technology innovation
and delivers unmatched customer support. We view Spectra as a very
strategic partner within our storage product portfolio," said Aaron
Cardenas, chief executive officer, P1 Technologies, a SpectraEDGE
channel partner. "Many customers today are grappling with unrelenting
data growth and need efficient solutions to store, access and retrieve
vast data volumes. Spectra Logic delivers large-scale, long-term storage
and active archiving solutions with innovative features such as TranScale,
which enables customers to seamlessly transform and scale an existing
tape library, as well as advance media health monitory capabilities.
Solutions like these exemplify why Spectra Logic enjoys continued growth
and success."
Additional fiscal year H1 2013 Spectra Logic highlights include:
"Spectra has achieved consistent, profitable growth by maintaining a
rigorous focus on automated tape library technology innovation. This is
a tribute to our dedicated employees and the unmatched efficiency
advantages tape delivers in data integrity, energy efficiency, space
utilization and system reliability. Our highly scalable storage systems
perfectly align with the movement toward increased data retention, which
is driving the need for data storage systems that exceed Petabyte and
Exabyte capacities," added Thompson.
More information about Spectra Logic Corporation is available here.
Spectra and the Spectra Logic logo are registered trademarks of
Spectra Logic Corporation. All rights reserved worldwide. All other
trademarks and registered trademarks are the property of their
respective owners.
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