AUSTIN, TX — (Marketwired) — 10/07/13 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, filed a complaint against Oracle Corporation in the federal district court in Austin, Texas, alleging infringement of U.S. Patents 6,425,035; 7,051,147; and 7,934,041. Crossroads seeks monetary damages and an injunction. Crossroads asserts that Oracle has incorporated Crossroads- patented technology into Oracle-s storage systems, including its Pillar Axiom 300 and 600 systems, Sun Storage 2540-M2 Array, Solaris system, and Sun ZFS storage appliances.
The asserted patents cover technology that is fundamental to secure and efficient access to network storage systems. The asserted patents are part of Crossroads- -972 Patent Family. Since 2001, Crossroads has licensed the -972 Patent Family to more than 40 companies and received in excess of $60 million in license and settlement revenue.
“The success of our licensing program shows that the industry recognizes the value of our -972 Patent Family,” noted Richard K. Coleman, Jr., Interim President and CEO at Crossroads Systems. “Crossroads invested millions of dollars in developing and protecting the technology covered by our patents and we are committed to pursuing those remaining companies, like Oracle, who continue to use our patented technology without a license.”
Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data archive 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 holds more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit .
This press release includes forward-looking statements that relate to the business and 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 obtain, maintain or protect patent and other proprietary intellectual property rights, future capital requirements, regulatory actions or delays, competition in general, and other factors that may cause actual results to be materially different from those described herein. Forward-looking statements in this press release are based on management-s beliefs and opinions at the time the statements are made. Crossroads Systems does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
All product and company names herein may be trademarks of their registered owners.
©2013 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.
Jennifer Crane
Crossroads Systems
512.928.6897 or 800.643.7148
Mark Hood
Crossroads Systems
512.928.7330
Matthew Zintel
Zintel Public Relations
281.444.1590
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