3PAR Celebrates a Decade of Innovation
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FREMONT, CA, May 27 (MARKET WIRE) --
3PAR(R) (NYSE: PAR), the leading global provider of utility storage,
announced today that this month marks the company's 10th anniversary.
After beginning operations in May of 1999, the company went on to
commercially launch its highly virtualized 3PAR Utility Storage platform
and proprietary 3PAR Thin Provisioning software in 2002. These
innovations have since earned the utility storage provider a reputation
as a thin and green technology pioneer. Last year, 3PAR followed on its
thin technology innovations with the introduction of the 3PAR InServ(R)
T-Class Storage Server, which established 3PAR as the first storage
vendor to commercially ship an efficient "fat-to-thin" volume conversion
mechanism into storage array hardware.
"With the administrative simplicity of their utility storage platform and
pioneering introduction of thin provisioning within open-systems storage
arrays, 3PAR brought to market a business model that has changed the cost
structure of storage by giving its customers the flexibility to grow as
they go," said Arun Taneja, Founder and Consulting Analyst of Taneja
Group. "This paved the way for new Hardware- and Software-as-a-Service
offerings, Web 2.0 innovation, and cloud computing deployments that have
enabled enterprise and service provider customers to lower CAPEX and
OPEX, align costs more tightly with business growth, and capture new
revenue streams that otherwise would not have been possible."
According to a survey published by TheInfo Pro in their Wave 11 storage
study, 3PAR InServ S-800 and E-200 arrays rank number one in exciting
vendor products in use by large and midsize enterprises. Findings
published by TheInfoPro have also identified the InServ storage server as
a leading alternative to EMC within Fortune 1000 enterprises. Over the
past decade, 3PAR has become a leader in providing utility storage
systems to the hosting and enterprise cloud computing markets and is
currently the preferred utility storage vendor to 7 of the world's top 10
revenue-generating managed service providers, as determined by the Winter
2009 Managed Hosting Report issued by Tier1 Research, an independent
technology industry analyst. In addition, the company has continually
achieved high marks from its customers for green storage initiatives,
most recently in a TechValidate survey of 3PAR customers where 95% of the
respondents recommended using 3PAR Utility Storage as a strategic
component of any Green IT initiative.
"Over the past decade we have brought to market pioneering proprietary
technologies that we believe have had transformational effects on the
datacenter," said Ashok Singhal, 3PAR Founder and Chief Technical Officer,
System Architecture. "When we introduced our utility storage platform in
2002, we were among the first in the industry to bring storage
virtualization and green storage technologies to market. A decade later,
storage vendors throughout the industry have incorporated virtualization
and green computing technologies into their offerings."
3PAR's customers are primarily organizations for whom serving information
is mission-critical, including cloud computing service providers (for
example, Managed Service Providers and Hardware- and
Software-as-a-Service providers) and internal service bureaus (for
example, IT organizations within enterprises and government agencies).
Both groups benefit from delivering solutions based on a utility service
model that leverages a cost-effective, shared, virtualized infrastructure
for workload consolidation and flexible resource allocation.
3PAR was founded by engineers from Sun Microsystems to address the
emergence of a new IT architectural approach called utility computing.
3PAR was a privately held company until its initial public offering in
November of 2007. Shares of the company's common stock were initially
traded on the NYSE Arca, a trading platform of the New York Stock
Exchange (NYSE), before the company transferred the listing of its shares
to the NYSE's main platform, commonly known as the "Big Board," in
December of 2008.
Since its inception, the company has established four subsidiaries in the
US, Europe, and Asia and has grown to $184.7 million in revenue in the
fiscal year ended March 31, 2009. Today, 3PAR has its headquarters in
Fremont, California, as well as a research and development facility in
Belfast, Ireland. The company also has direct sales personnel located in
the United States, the United Kingdom (UK), Germany, and Japan, and direct
customer service personnel in the United States and the UK. The utility
storage company was recently named by the San Jose Mercury News as the
seventh fastest-growing company in Silicon Valley based on sales.
"We have not only spent the last decade establishing ourselves as a
storage virtualization pioneer, but we have continued to deliver on our
promise of making storage systems simple and efficient," said David
Scott, 3PAR President and Chief Executive Officer. "We believe this is
the reason we have been able to quickly penetrate the market for today's
most demanding cloud computing deployments. As a pioneer in storage
technologies, we intend to continue innovating to extend our technology
leadership position in the industry."
About 3PAR
3PAR(R) (NYSE: PAR) is the leading global provider of utility storage, a
category of highly virtualized, tightly clustered, and dynamically tiered
storage arrays built for utility computing. Organizations use utility
computing to build cost-effective virtualized IT infrastructures for
flexible workload consolidation. 3PAR Utility Storage gives customers an
alternative to traditional arrays by delivering resilient infrastructure
with increased agility at a lower total cost to meet their rapidly
changing business needs. As a pioneer of thin provisioning -- a green
technology developed to address storage underutilization and
inefficiencies -- 3PAR offers products designed to minimize power
consumption and promote environmental responsibility. With 3PAR,
customers have reduced the costs of allocated storage capacity,
administration, and SAN infrastructure while increasing adaptability and
resiliency. 3PAR Utility Storage is built to meet the demands of open
systems consolidation, integrated data lifecycle management, and
performance-intensive applications. For more information, visit the 3PAR
Website at: www.3PAR.com.
Copyright 2009 3PAR Inc. All rights reserved. 3PAR, the 3PAR logo, Serving
Information, InServ, InForm, InSpire, and Thin Built In are all trademarks
or registered trademarks of 3PAR Inc. All other trademarks and registered
trademarks are the property of their respective owners.
3PAR U.S. Contact:
John D'Avolio
Triggerfish Consulting for 3PAR
415-642-4049
Email Contact
3PAR U.K. Contact:
Federica Monsone
A3 Communications for 3PAR
+44 (0) 1252 875 203
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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