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IT News: Press Release

Reldata Achieves Triple-Digit Growth and Key Milestones in 2010

Former Sun Microsystems Executive and Industry Veteran Victor Walker Named as New CEO.

RELDATA Inc. (www.RELDATA.com), the innovation leader in unified storage solutions, today announced strong results for 2010 including revenue growth of 135 percent, year over year. The company increased its global customer base by more than 40 percent in the last six months alone, as new customers across healthcare, higher education, legal, cloud-based application services and energy chose RELDATA unified storage solutions. RELDATA's channel continued to steadily expand throughout the year, with the number of value added resellers increasing by 46 percent over 2009. In the fourth quarter, RELDATA demonstrated the capability to deliver and support large scalable-enterprise unified storage systems with the installation and acceptance of its first petabyte system. The company also secured a second round of funding in the amount of $4 million, marking another significant milestone achieved in the fourth quarter.

The company also announced that it has named former Sun Microsystems executive and industry veteran Victor Walker as CEO. "We are pleased to have Victor join RELDATA as CEO," said Andreas Rüter, partner, Grazia Equity GmbH and RELDATA board chairman. "Victor brings a rare blend of leadership experience, strong industry relationships and a very successful track record of innovation, growth and results in both public and private companies. He has led start-ups with successful exits and managed multi-billion dollar product groups for several of the world's largest systems companies, in both the U.S. and in Europe. I am also pleased that Steven Murphy, former CEO of RELDATA, will continue to serve on the company's Board of Directors."

Victor brings to RELDATA more than two decades of executive leadership experience in the storage and systems technology sectors. He has served in the positions of CEO, President and COO for venture and private equity backed start-ups and in Vice President/General Manager positions for Global 500 companies in the U.S. and Europe. Prior to joining RELDATA, he served as the COO of ClusterStor a leading innovator in high-performance storage file systems (acquired by Xyratex), and as Vice President of Sun Microsystems' Storage Systems Product Group where he led the team responsible for the development and initial revenue releases of Sun's 7000 Unified Storage product line (now Oracle's ZFS storage line) and Sun's open storage products line. He was also responsible for Sun's $1 billion disk and related-storage software businesses.

Victor served as an Officer in the U.S. Army Reserve, Corps of Engineers for more than 23 years. He holds a bachelor's degree in Mechanical Engineering from Colorado State University and currently serves on the school's Advisory Board.

"I am delighted to join the RELDATA team. The company has developed a unique technology and value proposition that is clearly resonating with channel partners and their customers. The growing acceptance and adoption of unified storage systems and the recent market dynamics created by industry consolidation have perfectly positioned RELDATA to become the leading independent storage provider for the next decade," said Walker. "With a fourth quarter investment of $4 million from our current investors we are well-supported to execute on our aggressive growth plan in 2011. We are actively hiring channel sales and marketing professionals (in all regions), and support and product development engineers (NJ, CO, CA). We are also actively recruiting channel partners seeking the industry's best margins. I believe RELDATA is truly poised for a breakout year in 2011."

Follow RELDATA on Twitter at http://twitter.com/RELDATA

About RELDATA

RELDATA is the innovation leader in unified storage solutions which cost-effectively enable mid-size and distributed enterprises to non-disruptively consolidate, virtualize and protect business data across multi-vendor platforms, providing highly-scalable, cost-effective integrated storage, disaster-recovery and high-availability solutions. The RELDATA Unified Storage Engine (USETM) platform allows companies to integrate their existing storage infrastructure to minimize the functional compromise of siloed block and file solutions. Reduce administration costs and data-protection compliance risk, and preserve current storage investments at lower total costs. Founded in 2005 and headquartered in Parsippany, New Jersey, RELDATA solutions are available through a global network of value added resellers. For more information, visit www.RELDATA.com or www.unifiedstorage.com.

More Stories By Derek Harris

Derek Harris Sr. is a senior technology writer and blogger with more than 20 years experience in journalism.

While covering a broad spectrum of technology segments, his focus is weighted on enterprise technologies in the data storage, security and infrastructure spaces.