Permabit CEO to Present at Needham HDD/Flash Memory Conference

CAMBRIDGE, Mass., Oct. 30, 2013 /PRNewswire/ -- Tom Cook, CEO of Permabit Technology Corporation, the recognized leader in data efficiency technology, will present to attendees of the 7^th annual Needham HDD/Flash Memory & Systems Conference November 6 at 2:30 p.m. EST at the Langham Hotel in Boston.

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The Needham HDD & Flash Memory Systems Conference will look at the successes and changes occurring with the traditional hard-disk and flash-based storage industries with Cook discussing how storage efficiency technologies, such as compression, replication, deduplication and thin provisioning are changing the overall storage landscape by enabling vendors to maximize performance, ensure reliability and manage scalability of their product offerings. Attendees of the conference include qualified institutional investors and venture capital firms.

"Data efficiency technologies are a must-have for all-flash and hybrid (flash and HDD) storage offerings," said Cook. "They make flash a cost effective solution and accelerate market adoption. I look forward to sharing with attendees of the Needham HDD/Flash Memory & Systems Conference how Albireo high-performance deduplication and compression is helping our partners win business and save their enterprise customers more than $1 billion in 2013."

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About Needham & Company, LLC
Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., is a privately held, full-service investment bank that has focused exclusively on growth companies since it was founded 28 years ago. It concentrates on private companies and on public companies that have market capitalizations of up to $5 billion, and provides its clients with the resources to achieve their financing and strategic objectives. The Firm has capital raising expertise in IPOs, follow-on public equity offerings, confidentially marketed equity offerings, and private placements and in mergers & acquisitions and corporate & venture services (including share repurchases). In addition to investment banking, Needham's activities include institutional sales and trading, and asset management. To serve its institutional clients, Needham & Company, LLC produces comprehensive equity research on more than 325 companies in clean technology and industrial growth, communications and enterprise infrastructure, consumer, healthcare, semiconductors and semiconductor equipment, and software. The Firm is headquartered in New York City with offices in Boston, MA; Chicago, IL; Menlo Park, CA; and San Francisco, CA. Needham & Company, LLC is a member of FINRA & SIPC. For more information, please visit www.needhamco.com.

About Permabit
Permabit is a recognized leader in data efficiency technology, enabling OEMs to leverage their R&D investment, increase margin, accelerate time to market and achieve competitive advantage. Permabit Albireo software massively improves performance and efficiency of data creation, transmission and storage. Solutions built with Albireo are being delivered by leading hardware, software and service providers. Our partners include Hitachi Data Systems (HDS), LSI, and StoneFly. Permabit was founded in 2000 by a technical and business team from Massachusetts Institute of Technology. For more information, visit: www.permabit.com.

SOURCE Permabit Technology Corporation