Permabit Named “Cool Vendor” by Leading Industry Analyst Firm

Vendors Selected as Cool Vendor in Archiving Report for Making Archive More Cost Effective and Easing the Migration of Older Data

CAMBRIDGE, Mass. — March 12, 2009 — Permabit Technology Corporation, the industry’s leading innovator of scalable, data–reduced storage for enterprise archiving, today announced that top analyst firm Gartner, Inc. has included Permabit in the “Cool Vendors in Archiving 2009” report by Carolyn DiCenzo, Kenneth Chin and Adam W. Couture published on March 3, 2009.

The report stated that the archiving market continues to expand as cool vendors enter with new storage options and services that make archiving more cost–effective and ease the migration of older data.  IT organizations should continue to evaluate new, cool vendors as part of ongoing efforts to continue to update and modernize their services.

“The economic conditions companies are operating under coupled with the exponential growth of information are forcing organizations to fundamentally change the way they approach their data storage needs,” said Tom Cook, President and CEO, Permabit.  “Permabit is uniquely positioned to assist them because our technology has the ability to efficiently archive, reliably protect and provide seamless access to data at a fraction of the cost of primary storage.  We believe the fact that Permabit has been recognized for its innovative solutions by the industry’s most trusted analyst firm signals that we are on the right path.”

Gartner defines a cool vendor as a company that offers technologies or solutions that are:  Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.

Supporting Resources:  

• Permabit Media Center
• Permabit Blogs
• Executive photos & images
• Permabit

About Permabit
Permabit delivers next generation disk–based archiving solutions that dramatically reduce primary storage costs by greater than 10 times.  With patented technology, the Permabit Enterprise Archive™ provides a massively scalable disk archive that costs a fraction of what it takes to manage tape or optical, with advanced data protection and reduction technologies that offer decades of reliable information access.  Permabit was founded in 2000 by a technical and business team from Massachusetts Institute of Technology.  For more information, visit:  www.permabit.com.

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Permabit, the Permabit logo, Permabit Enterprise Archive, and Scalable Data Reduction are trademarks of Permabit Technology Corporation, Inc. in the U.S. and other countries

About Gartner’s Cool Vendors Selection Process

Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services.  Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.