AUSTIN, TX — (Marketwired) — 12/12/13 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, reported financial results for its fiscal fourth quarter and full year ended October 31, 2013.Total revenue for fiscal Q4 2013 decreased 20% to $3.6 million from $4.4 million in the same quarter a year ago. The decrease was mainly due to decreases in our legacy OEM business.Total revenue for the fiscal full year 2013 decreased 10% to $12.6 million from $14.0 million i
AUSTIN, TX — (Marketwired) — 11/26/13 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, filed complaints against Tandberg Data Corporation, Dell, Inc., Huawei Technologies Co. Ltd., Huawei Enterprise USA Inc., and Huawei Technologies USA Inc. 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 Tandberg has inc
AUSTIN, TX — (Marketwired) — 11/21/13 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data storage solutions, will hold a conference call on Thursday, December 12, 2013 at 4:30 p.m. Eastern Time (3:30 p.m. Central Time) to discuss its fiscal fourth quarter and full year results ended October 31, 2013. Financial results will be issued in a press release after close of market on the same day.Richard K. Coleman, Jr., Interim President and CEO, and CFO Jennifer Crane will host th
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
AUSTIN, TX — (Marketwired) — 09/12/13 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, reported financial results for its fiscal third quarter ended July 31, 2013.Revenue for fiscal Q3 2013 was $2.8 million, a decrease of 21 percent from $3.5 million in the same quarter a year ago primarily attributable to a one-time deal with a large ReadVerify (RVA) customer in 2012. Gross profit for fiscal Q3 2013 was $2.1 million, or 75 percent of total revenue, as
AUSTIN, TX — (Marketwired) — 08/27/13 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data storage solutions, will hold a conference call on Thursday, September 12, 2013 at 4:30 p.m. Eastern Time (3:30 p.m. Central Time) to discuss its fiscal third quarter results ended July 31, 2013. Financial results will be issued in a press release after close of market on the same day.Richard K. Coleman, Jr., Interim President and CEO, and CFO Jennifer Crane will host the presentation fo
AUSTIN, TX — (Marketwired) — 07/24/13 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, announced today that it has secured a $10 million credit facility backed by a portion of its intellectual property (IP) portfolio, from an affiliate of Fortress Investment Group (NYSE: FIG), a leading global investment firm with approximately $56 billion in assets under management.Richard K. Coleman, Jr., Interim President and Chief Executive Officer at Crossroads Sys
AUSTIN, TX — (Marketwired) — 06/07/13 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, reported financial results for its fiscal second quarter ended April 30, 2013.Revenue for fiscal Q2 2013 was $2.7 million, a decrease of 20 percent from $3.5 million in the same quarter a year ago. Gross profit for fiscal Q2 2013 was $1.9 million, or 70% of total revenue, as compared to $3.1 million or 89% of total revenue in the same quarter a year ago. Operating exp
