To: KevRupert who wrote () | 4/17/2000 7:40:00 PM | From: KevRupert | | |
OTG Software's DiskXtender Certified on HP's New SureStore MO Jukebox Family OTG and Hewlett Packard Integrate SAN solutions BETHESDA, Md., April 10 /PRNewswire/ -- OTG Software (Nasdaq: OTGS - news), a leading provider of interactive data storage management and data access solutions, today announced at the AIIM 2000 Conference that its DiskXtender storage software is now certified with Hewlett-Packard's new SureStore family of magneto-optical (MO) jukeboxes. OTG will demonstrate DiskXtender in a point-to-point SAN configuration that takes advantage of high-speed Fibre Channel connectivity which is part of HP's first offering of broader MO Fibre Channel SANs. This demonstation highlights OTG's continuing support for SAN solutions and OTG's role as a key HP independent software provider (ISV).
``As part of OTG's SAN strategy, we are pleased to be working with HP's market leading storage hardware that will soon broaden to include multiple servers and jukeboxes,' said Jerry Held, OTG's Vice President, Business Devleopment. ``DiskXtender provides efficient transfer of data to the SAN, enables immediate access to data stored on the SAN, and provides an effective index of stored data.'
OTG's DiskXtender enables online management of data throughout an enterprise's network, while tracking and managing stored file locations. It enhances a data storage system by increasing its primary storage capacity and providing fast and easy access to data, while integrating stored files with enterprise applications. With backup applications, DiskXtender can intelligently manage the backup data, backing up only recently changed data, thus reducing the amount of data and time required to back up. Through DiskXtender's open architecture, end users and OEMs can integrate DiskXtender with Web and LAN applications.
OTG recently announced DiskXtender 2000, designed to take full advantage of the Windows 2000 enterprise level operating system, and will be demonstrating DX 2000 in OTG's booth at AIIM (No. 3337).
HP's SureStore magneto-optical jukeboxes provide long-term storage for high-volume reference data and, with up to 1.2 TB of storage capacity, can support warehouses of stored data. The product family supports write-once/read-many (WORM) and rewritable media format.
About HP's Information Storage Group
HP's Information Storage Group (ISG), which focuses on the rapidly growing extended-storage market, manufactures and sells information storage based on CD, tape and magneto-optical technologies. ISG's mission is to be the premier provider of a complete range of storage solutions and media, from desktop to departmental and enterprise servers and networks.
About OTG Software
Headquartered in Bethesda, Maryland, OTG Software, Inc. is a leading provider of online data storage management and data access solutions. OTG's software enables enterprises to move, store, manage and access data quickly and efficiently over a variety of network architectures, including the Web and storage area networks. OTG's products support many different types of storage devices, are easy to install and use, and can manage storage systems ranging in size from a single storage device to an enterprise-wide network storage system. OTG's products are available worldwide through a network of VARs, distributors and OEMs.
For more information, visit OTG's web site at www.otg.com or call 800-324-4222.
SOURCE: OTG Software Inc.
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To: KevRupert who wrote (1) | 4/17/2000 7:41:00 PM | From: KevRupert | | |
OTG Software Teams with ASACA at NAB Show to Support DVD-RAM for Broadcast OTG's DiskXtender Demonstrated in Broadcast Applications At NAB's Convergence of Entertainment and Technology BETHESDA, Md., April 10 /PRNewswire/ -- OTG Software (Nasdaq: OTGS - news) today announced that it is teaming with ASACA, a leader in manufacturing products for the broadcast and DVD storage markets worldwide, at the National Association of Broadcasters NAB 2000 Conference in Las Vegas, Nevada, to demonstrate a variety of broadcast applications using ASACA's DVD-RAM libraries and OTG's DiskXtender storage software.
In the ASACA booth (No. M9335), OTG's DiskXtender will be working with an ASACA DVD library in RAID mode using an Ultera Systems RAID controller addressing large broadcast files at high transfer rates. With Leitch Technology (NAB Booth #L9328), DiskXtender will be used for a high-performance, low-cost video archiving system. At the InfoValue Computing booth (NAB #M7450), DiskXtender will be used for high-performance video storage on InfoValue's broadcast video server. At InnovaCom Inc.'s booth (NAB #M10160), DiskXtender will store a broadcast feed encoded into MPEG. With Blueline Technology (NAB Booth #L2349), an automated broadcast system will be shown using the ASACA library and DiskXtender.
DiskXtender enables online management of data throughout an enterprise's network, while tracking and managing stored file locations. Through DiskXtender's open architecture, end users and OEMs can integrate DiskXtender with Web and LAN applications.
``The convergence of the DVD-RAM technology, the special features and functionality of the ASACA Library, and the performance of the OTG DiskXtender product, allows us to offer a best of breed solution to our resellers and coporate customers,' said Joseph Mannin, CEO of NET Source, a master distributor of the ASACA libraries and OTG Software's products.
About OTG Software
Headquartered in Bethesda, Maryland, OTG Software, Inc. is a leading provider of online data storage management and data access solutions. OTG's software enables enterprises to move, store, manage and access data quickly and efficiently over a variety of network architectures, including the Web and storage area networks. OTG's products support many different types of storage devices, are easy to install and use, and can manage storage systems ranging in size from a single storage device to an enterprise-wide network storage system. OTG's products are available worldwide through a network of VARs, distributors and OEMs.
For more info on DiskXtender, call 800-324-4222 or visit OTG's website www.otg.com .
About ASACA
Founded in 1971, the ASACA/SHIBASOKU Corporation has its US headquarters in Golden, Colo. A leading developer of high-capacity, high-performance data storage solutions, the company is focused on serving broadcast and data storage markets worldwide. For complete information on the TeraCart DVL systems, contact ASACA's Master Distributor, NET Source, Inc. at www.netsource.cc or call 800-653-1326. Visit the ASACA website at www.asaca.com .
SOURCE: OTG Software Inc.
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To: KevRupert who wrote (2) | 4/17/2000 7:43:00 PM | From: KevRupert | | |
OTG Software Announces Latest Version of COLDXtender BETHESDA, Md., April 10 /PRNewswire/ -- OTG Software Inc. (Nasdaq: OTGS - news) today announced at the AIIM 2000 Conference the upcoming release of a new version of its COLDXtender product. A complete reengineering of the original COLDXtender that stores and manages ASCII and EBCDIC data, the new version of COLDXtender includes support for advanced print streams, including IBM's AFP, Xerox's Metacode, HP's PCL, and Adobe's PDF. Customers will realize significant benefits from this new version of COLDXtender, including E-commerce enablement, electronic bill presentment, and remote delivery of composed documents. In addition, the new client/server version provides high-fidelity delivery over OTG's XtenderSolutions environments.
Expected to be released 3Q, the new version of COLDXtender is in beta testing at several OTG customer sites spanning multiple industries, including financial services, insurance, and manufacturing.
About OTG Software
Headquartered in Bethesda, Maryland, OTG Software, Inc. is a leading provider of online data storage management and data access solutions. OTG's software enables enterprises to move, store, manage and access data quickly and efficiently over a variety of network architectures, including the Web and storage area networks. OTG's products support many different types of storage devices, are easy to install and use, and can manage storage systems ranging in size from a single storage device to an enterprise-wide network storage system. OTG's products are available worldwide through a network of VARs, distributors and OEMs.
SOURCE: OTG Software Inc.
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To: KevRupert who wrote () | 4/18/2000 8:26:00 PM | From: KevRupert | | |
Email acquisition:
SOURCE: OTG Software, Inc. OTG Software to Broaden its E-Mail Storage Technology Through Agreement to Acquire Xvault, Inc. BETHESDA, Md., April 18 /PRNewswire/ -- OTG Software, Inc. (Nasdaq: OTGS - news), a leading provider of interactive data storage management and data access software, today announced an agreement to acquire xVault, Inc., a leading provider of e-mail solutions headquartered in Falls Church, VA. This acquisition will strengthen OTG's ability to address the growing e-mail storage management market, and enhances OTG's strategy of becoming a leader in storing, tracking and retrieving e-mail. The combination of OTG and xVault will allow OTG to provide its customers with access to stored e-mail and attachments through a combination of OTG's indexing and direct read capability, and xVault's e-mail migration and intelligent search technology.
The transaction provides for the payment of approximately $6,000,000 in cash and OTG Common Stock. The acquisition is subject to customary closing conditions and is expected to close later this week.
The acquisition enhances OTG's capability to move into the e-mail message storage management market. International Data Corporation, an independent research firm, reports that in 1999 in the United States alone, 3.2 billion e- mails per day were sent, and this is projected to grow to over 9 billion per day in 2003.
``The acquisition of xVault will enable OTG to provide a unique and comprehensive e-mail management solution. We will reduce the clutter on e- mail servers and intelligently index and store e-mail messages and their attachments, while providing access through OTG's core DiskXtender storage technology coupled with xVault's search capabilities,' said Richard Kay, president and CEO of OTG Software.
``We are very excited about this marriage of technologies, which we believe will be a powerful tool for total e-mail management,' added Al Sivick, president of xVault. ``OTG's broad and established reseller network will also enable us to grow much faster.'
About OTG Software
Headquartered in Bethesda, Maryland, OTG Software, Inc. is a leading provider of online data storage management and data access solutions. OTG's software enables enterprises to store, track and retrieve data over a variety of network architectures, including the Web and storage area networks. OTG's products support over 700 storage devices, are easy to install and use, and can manage storage systems ranging in size from a single storage device to an enterprise-wide network storage system. OTG's products are used by over 7,000 organizations worldwide and are available through a network of over 300 VARs, distributors and OEMs. For more information, contact OTG at www.otg.com or 800-324-4222.
About xVault
Founded in 1998, xVault is a leading provider of e-mail solutions to government, business and industry. xVmail, the company's flagship product, provides a total e-mail archiving solution with hardware provided by strategic partners such as JVC's Professional Computer Products Division. xVault sells its products domestically and internationally through its sales partners in North America, Europe, Japan, Taiwan, Australia, and Singapore. The company is headquartered in Falls Church, Va. For more information, visit the company's web site at www.xVault.com.
SOURCE: OTG Software, Inc.
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To: KevRupert who wrote () | 4/26/2000 2:16:00 AM | From: KevRupert | | |
OTGS 1st Q Results:
Tuesday April 25, 5:39 pm Eastern Time
Company Press Release
SOURCE: OTG Software, Inc.
OTG Software Reports Results for First Quarter 2000, with Record Revenues
- Revenues 53% Higher Than for First Quarter 1999 -
BETHESDA, Md., April 25 /PRNewswire/ -- OTG Software, Inc. (Nasdaq: OTGS - news), a provider of interactive data storage management and data access solutions, today announced financial results for the first fiscal quarter of 2000.
For the first quarter ending March 31, 2000, OTG Software achieved record revenues of $8.3 million. The results, a 53% improvement compared with revenues of $5.4 million recognized in the first quarter of 1999, mark the ninth consecutive quarter the Company's revenue has increased quarter to quarter. The Company realized operating income of $54,000 for first quarter 2000 and a loss per share (diluted) of $0.02. For the comparable period in 1999, the Company realized operating income of $106,000, and a loss per share (diluted) of $0.02.
Software license revenues for first quarter 2000 were $6.4 million compared with $3.8 million for first quarter 1999, an increase of 68%. Services revenues for the quarter were $1.9 million compared with $1.6 million for first quarter 1999, an increase of 17%. Operating expenses for the quarter increased to $7.1 million from $4.4 million for first quarter 1999.
In March 2000, OTG Software successfully completed an initial public offering of five million shares of common stock, raising gross proceeds of $95 million. As of March 31, 2000, the Company had cash and cash equivalents of $70.7 million. Besides direct costs of the offering, the Company used some of the proceeds of the offering to retire substantially all of its long-term debt.
In April 2000, the Company acquired xVault, Inc., a leading provider of e-mail solutions, for approximately $6 million, including 160,000 shares of stock, and cash of $1.9 million. This acquisition is expected to close today.
Richard A. Kay, president and CEO of OTG Software, said, ``We are very pleased with our strong financial performance during the first quarter of this important year for OTG. We continue to focus on investing in sales and marketing, and leveraging our core technology to expand our product offerings. |
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To: KevRupert who wrote () | 5/13/2000 9:23:00 PM | From: KevRupert | | |
Call company for info on the Japanese investment. What is the % of ownership. Any regulatory filings? Intent on increasing ownership %?
Strong ownership by Maryland investors. |
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