Crossroads Systems Partners with TIM AG, Launches StrongBox Distribution in Europe

AUSTIN, Texas, May 5, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced that TIM AG, a leading German distributor of data center solutions, now offers its customers the Crossroads StrongBox, a network attached storage (NAS) appliance that delivers online, nearline and archive data storage at the industry's lowest cost per gigabyte.

StrongBox complements TIM's portfolio of high-performance storage with a cost-effective, scalable solution that serves as a reliable destination for long-term data. By pairing flexible, policy-driven disk storage with Linear Tape File System (LTFS) technology, StrongBox allows TIM AG customers to gain control of storage costs without sacrificing the availability of stored content. Offering unmatched affordability, seamless integration and protected file management, StrongBox stands as a unique differentiator that allows partners such as TIM AG to win more business with the most competitive pricing.

"Adding the StrongBox solution to our portfolio enables us to offer partners an innovative and efficient solution for serving storage and archive requirements," said Jörg Eilenstein, Chief Operating Officer at TIM AG. "The complementary products within our portfolio and our long-time experience in the storage market enable us to offer channel partners complete support in design and implementation and expand channel business with Crossroads."

"Partnering with TIM AG significantly expands our StrongBox growth opportunities throughout Germany," said Bernd Krieger, director of European sales at Crossroads Systems. "We're pleased to work with a revered channel partner and enterprise data storage expert to provide cost-effective solutions to customers' exploding data requirements."

For more information on the latest StrongBox NAS platforms, visit www.crossroads.com/strongbox.

About TIM AG

In its role as a specialized value-added distributor, TIM AG supports full-service system provider partners in choosing and implementing IT solutions for information management. These partners have access to the extensive and innovative range of products and services offered by leading manufacturers. Since 1985, TIM AG has also been offering cross-vendor services exclusively to full-service system partners to supplement their own services over the full project cycle. For more than 20 years now, TIM AG has been viewed as Germany's leading storage distributor for its outstanding expertise, certifications and extensive support options in the areas of partner development and project development. Visit www.tim.de.

About Crossroads Systems

Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data storage solutions. Through the innovative use of new technologies, Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance and significant cost-savings. Founded in 1996 and headquartered in Austin, TX, Crossroads has been awarded more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit www.crossroads.com.

Important Cautions Regarding Forward-Looking Statements

This press release includes forward-looking statements that relate to the business and expected future events or future performance of Crossroads Systems, Inc. and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Crossroads Systems' ability to implement its business strategy, including the transition from a hardware storage company to a software solutions and services provider, its ability to expand its distribution channels, its ability to maintain or broaden relationships with existing distribution channels and strategic alliances and develop new industry relationships, the performance of third parties in its distribution channels and of its strategic alliances, the potential market for our data storage products, changes in the fair value of its derivative instruments and its ability to achieve or maintain profitability. The future performance of Crossroads Systems may be adversely affected by the following risks and uncertainties: uncertainties relating to product development and commercialization, uncertain market acceptance of Crossroads Systems products, including StrongBox, intense competition in the data protection and storage markets, variations in quarterly results and a consequence of unpredictable sales cycles and other factors, the ability to obtain, maintain or protect patent and other proprietary intellectual property rights, developments in litigation to which we may be a party, technological change in the industry, future capital requirements, regulatory actions or delays and other factors that may cause actual results to be materially different from those described or anticipated by these forward-looking statements. For a more detailed discussion of these factors and risks, investors should review Crossroads Systems' reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, which can be accessed through the SEC's website or by clicking "SEC Filings" on the company's Investor Relations website at http://investors.crossroads.com. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. Crossroads Systems undertakes no duty to update this information to reflect future events, information or circumstances.

©2015 Crossroads Systems, Inc., Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their respective owners. All specifications are subject to change without notice.

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SOURCE Crossroads Systems

Related Links

http://www.crossroads.com

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