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First Solution for Private Clouds to Match the Cost Efficiency and Scalability of the Public Cloud, Without Sacrificing Security and Control
BOSTON, MA - April 30, 2014 – /BackupReview.info/ — Storiant, the leading provider of cold data storage software, today announced its new software that enables security-conscious companies to reduce the cost of retaining data by 90 percent. As companies seek competitive advantage from big data, they are challenged by both the cost to retain millions of gigabytes of data indefinitely and the new types of data for which traditional storage systems were not designed. Inspired by the way Amazon (NASDAQ: AMZN) and Facebook (NASDAQ: FB) solved these challenges with proprietary data centers built for low cost and scalability, Storiant gives companies access to a secure, private storage solution that rivals public cloud storage pricing and scalability. Storiant’s solution makes it possible to securely store data on an exabyte scale for under $.01 per gigabyte per month.
Recent research found that nearly half (47%) of CIOs pay between $.21 and $.50 per gigabyte per month to store “cold” data – the less frequently accessed data that makes up 85 percent of all stored information. At the same time, nearly 40 percent (37%) are storing between 500,000 and 1 million gigabytes (or 1 petabyte). The research reflects that many businesses cannot afford to retain data at the new volume, limiting big data opportunities and forcing many to discard valuable content to control costs.
Research link: http://storiant.com/resources/Storiant-CIO-Survey-Report.pdf
“With the strategic value of data increasing every day, the race is on for businesses to store everything to gain a competitive edge,” said Jeff Flowers, co-founder and CEO of Storiant. “But that’s not possible with the high cost of the traditional storage model. Given this reality, we are confident that the time is right for a new software-based model. That’s why we built a new generation of storage that provides security-conscious companies the opportunity to save all of their data long term while keeping it accessible for business analytics – all at public cloud storage prices. We’re proud to make that innovation available today.”
Exponential data growth and changing data types require a new solution
“As a service provider, being able to offer enterprise customers a variety of storage solutions for a diverse range of needs is essential,” said Patrick Gilmore, CTO of Markley Group. “Based on what we are hearing from customers with massive amounts of data, there is a large and growing demand for Tier 3 storage solutions. We tested Storiant against demanding requirements, and found its low cost, reliability, and multi-petabyte scale to be the perfect fit. The addition of Storiant storage gives Markley the comprehensive service portfolio that our customers expect, and we look forward to delivering it.
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