Last $2.86 USD
Change Today -0.02 / -0.69%
Volume 43.8K
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As of 1:06 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

crossroads systems inc (CRDS) Snapshot

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52 Week High
06/26/14 - $3.71
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10/8/13 - $0.69
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crossroads systems inc (CRDS) Details

Crossroads Systems, Inc. provides data protection solutions and services worldwide. The company’s products include StrongBox, an enterprise-level network attached storage solution based on tape for long-term data protection and preservation; and SPHiNX, a virtual tape system that provides data protection to reduce the complexity of data backup and disaster recovery for data center customers. Its products also comprise ReadVerify appliance, which monitors tape media usage and health of tape resources; and Fibre Channel (FC) storage bridges and storage routers that offer connectivity and protocol conversion from the FC storage area network to small computer system interface tape and disk storage device interfaces. The company delivers its products as software through a hardware appliance. In addition, it provides post contract support and professional services. The company sells its products to end user customers, such as small businesses, government agencies, and multinational corporations through a network of original equipment manufacturers, system integrators, value added resellers, and other strategic partners. Crossroads Systems, Inc. was founded in 1996 and is headquartered in Austin, Texas.

50 Employees
Last Reported Date: 06/9/14
Founded in 1996

crossroads systems inc (CRDS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $238.6K
Chief Operating Officer
Total Annual Compensation: $253.4K
Executive Vice President of Strategy and Busi...
Total Annual Compensation: $254.1K
Compensation as of Fiscal Year 2013.

crossroads systems inc (CRDS) Key Developments

Massasoit Community College Deploys Crossroads Systems, Inc.'s NAS for Long-Term Preservation of its Digital Content

Crossroads Systems, Inc. announced that Massasoit Community College, has deployed the Crossroads StrongBox(R) NAS for long-term preservation of its digital content. Spurring the need for a scalable archive, Massasoit Community College plans to digitize physical documents from the college's founding in 1966 through August 12, 2014. The organization selected the Crossroads StrongBox NAS to store and protect its irreplaceable content. As the ultimate NAS for unstructured data, StrongBox enables Massasoit Community College to cost-effectively scale as more information is added to the archive. And, since much of the academic content must be preserved for decades, StrongBox's robust data protection capabilities provide long-term integrity and reliability.

Crossroads Introduces StrongBox V80 Tape Library

Crossroads Systems, Inc. announced availability of its StrongBox(R) V80 tape library. The new V80 complements the StrongBox NAS to deliver the affordable and scalable video archive. The complete archiving solution that combines the StrongBox T10 appliance, featuring 5.4TB of internal disk, and the new V80 tape library, including two LTO 6 Fibre Channel drives, starts at $46,500 for 184TB of uncompressed content. A similar 1.3PB configuration starts at $137,000. The V80 library can be augmented with up to six additional expansion modules (with 60 slots/184TB each), allowing organizations to effortlessly scale capacity. The fully expanded library accommodates up to 1.3PB of uncompressed storage space, the equivalent of more than 60,000 hours of HD video content. StrongBox is the only solution that includes integrated data protection, featuring both file and media-level integrity checks so that organizations can be fully confident that data saved will be retrievable in the future. Since data is written to tapes in the LTFS standard, there is no proprietary formatting, and tapes can be read by any LTFS-enabled drive, ensuring long-term reliability. Additionally, the StrongBox API enables seamless archiving from the media asset management systems such as Avid and CatDV as well as primary storage systems such as NetApp, EMC Isilon or any CIFS/NFS-based file storage.

Crossroads Systems Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2014

Crossroads Systems Inc. announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2014. For the quarter, the company announced loss of $1.7 million, or 14 cents per share, on revenue of $2.2 million, compared with a loss of $3.9 million, or 41 cents per share, on revenue of $2.7 million during the same period last fiscal year. Quarterly revenue decrease is primarily attributable to a decrease in its OEM SPHiNX business as well as revenue from an intellectual property licensee. Loss from operations was $1,801,000 against $3,875,000 a year ago. For the six months period, the company reported total revenue of $6,420,000 against $6,288,000 a year ago. Loss from operations was $2,196,000 against $6,965,000 a year ago. Net loss available to common stockholders, basic and diluted was $5,321,000 or $0.41 per basic and diluted share against $7,959,000 or $0.67 per basic and diluted share a year ago. Net cash used in operating activities was $1,323,000 against $6,617,000 a year ago. Purchase of property and equipment was $56,000 against $273,000 a year ago.


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