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Troika
Networks Raises $13M
August 4, 2003
By
James Klein, Larta VOX Editor
Endorsement
of Network Storage Services Platform as an attractive
new approach to deploying SAN-based intelligence.
Troika
Networks, Inc., the pioneer of the Network Storage Services
Platform approach to SAN-based intelligence, announced
that it has raised a $13M round of financing. Anthem
Ventures Partners led the round, which included previous
investors Draper Fisher Jurvetson, Dynafund Ventures,
and Windward Ventures, as well as new investor Hamilton
Apex Technology Ventures. This additional funding will
allow Troika to capitalize on the many marketplace opportunities
created by being first to market with the leading platform
for accelerating network-based storage services.
Troika
Networks participated in Larta's 1999 Venture Forum.
Over its nine-year history, the Venture
Forum has generated over $500 million in funding.
Troika’s
Network Storage Services Platform (NSS Platform) promises
to be one of the most attractive ways to add intelligence
to the SAN. Troika's NSS Platform provides a very simple
deployment model for storage applications, such as volume
management, migration, mirroring, snapshots, copy services
and asynchronous replication.
"The
appliance approach to adding intelligence to the storage
network is easy but adds latency. The switch based approach
kills the latency problems but will take a long time
to develop. NSS platform players like Troika give users
the best of both worlds - easy to implement and really,
really fast," observes Steve Duplessie, Founder
and Senior Analyst at the Enterprise Storage Group.
Troika’s
platform enables customers to non-disruptively move
business critical applications into the network. Troika's
platform is complimentary to existing Fibre Channel
fabrics and is compatible with storage area networks
regardless of choice of SAN switches. Customers do not
need to replace their switches, disturb their infrastructure,
or deal with complex driver compatibility issues in
order to add new capabilities with wire speed performance.
Multiple disparate applications can be hosted on a single
NSS Platform simultaneously, reducing management burden,
cost and complexity.
Vendors
of SAN-based solutions will find Troika to be the most
attractive platform for development and deployment of
their storage applications, due to its open operating
system and rich application interfaces.
Until
now, only traditional SAN appliances, with their significant
performance and scaling limitations, offered a truly
productive development environment. The Troika NSS Platform
Architecture achieves the performance of intelligent
switch-based solutions, yet maintains the cost effectiveness,
openness, ease of deployment and flexibility of appliance-based
solutions.
“Troika’s
mission is to simplify the adoption of SAN-based storage
services, both for customers and for solution providers”
said Bill Terrell, President and CEO of Troika. "Toward
this end, Troika’s platform offers the ability
to add services by simply adding and managing a single
device. As customers become comfortable with multiple
SAN-based applications, they will be able to host these
simultaneously on a single platform. Troika’s 'appliance-like'
development environment based on a standard operating
system is the easiest and fastest way for ISVs and system
providers to bring new applications and new features
to market."
"We
invested in Troika because of the quality of the team
and our belief that the technological and business approach
to the marketplace that they have developed solves significant
problems—for both OEM and end user customers"
said William Woodward, Managing Director and founder
of Anthem Venture Partners. "The significant traction
that Troika has achieved with multiple OEMs validates
the quality of the product and vision as well as the
effectiveness of the company's business model, making
our investment an easy decision."
Troika’s
NSS Platform is available for OEM testing and certification
today.
About
Troika Networks
Troika Networks, Inc. is the leading developer of Networked
Storage Service Platforms, which its partners will use
to simplify the development and deployment of networked
based storage services. Troika has many years of experience
and intellectual property in delivering the world’s
most sophisticated HBAs. For more information, visit
the Troika Networks website at http://www.troikanetworks.com
or contact the company at info@troikanetworks.com.
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