This investment is part of VERITAS Software’s $100 million commitment to invest in development-stage companies that provide strategic opportunities in the data availability market and is part of sanrise’s $100 million Series B round. To date, sanrise has raised more than $161 million since its inception in May 2000.
sanrise is at the forefront of the storage service provider (SSP) market with a powerful new alternative to global managed storage, said Neal Ater, senior vice president, Data Protection Product Group, VERITAS Software. Through our investment in sanrise, we can provide our customers with a compelling managed storage approach that uses a combination of best-of-the-industry products from VERITAS Software and its key partners.
Integrating VERITAS Software’s technology into our leading-edge, 100-percent fibre-optic SAN solution will allow sanrise to further insulate our customers from technology changes, while enabling new features and functionality that cater to the high availability requirements of the global marketplace, said David Schneider, sanrise president and CEO.
The strategic investment agreement between VERITAS Software and sanrise includes the joint testing and development of mutual products and technologies for global managed storage. Through the integration of the VERITAS NetBackup(TM) and VERITAS Volume Manager(TM) products with industry-leading storage area network (SAN) hardware components, the sanrise solution provides high availability in an open systems environment. This non-proprietary, multivendor approach to storage management provides flexibility in solution design and cost optimization. sanrise plans to participate in the VERITAS Software xSP Channel Program, which focuses on supporting partners and customers through the process of designing, implementing, operating and analyzing an end user site’s data availability, vulnerability and performance characteristics, and then recommending specific solution sets.
