Storage Fusion News

StorageFusion delivers strong contract wins

Xploite plc (AIM: XPT), Storage Fusion Limited’s holding company today made the following market announcement:

Xploite’s Storage Resource Analysis (SRA) subsidiary, Storage Fusion, has now signed a total of 15 new agreements over the past two months.

The Board of Xploite believes that these contract wins demonstrate that the Storage Fusion business continues to maintain its recent, improved, levels of performance and that it will achieve the Board's objective of being cash positive on a month-to-month basis.

Storage Fusion provides Storage Analytics technology as Software as a Service (SaaS), enabling customers to manage disparate storage. The elegance of the solution, depth of reporting and immediate return on investment (ROI) are all major factors in the decision to invest in the service.

New customers of Storage Fusion's annuity service over the past two months, include Abbey (Santander), Barclays, BGC Partners, Chelsea Building Society, Emirates (Dnata), Merlin Entertainments Group, Nissan, RBS and O2.

Matthew Yeager, Practice Leader, Data Storage & Protection at Computacenter commented:
"Computacenter selected Storage Fusion for use in our Storage Assessment & Strategy Service as well as for consultative storage selling with customers, as Storage Fusion offers the most comprehensive SRA reporting using agentless, vendor neutral, and non-intrusive discovery tools. I view StorageFusion's SRA tools as being core to our future success in delivering efficient and agile consultative engagements to our customers."

Ian Smith, Chief Executive Officer of Xploite commented:
"Although Storage Fusion revenues were lower than anticipated over the year, the business has turned a corner since fully exploiting the commercial power of SaaS through the new streamlined pricing strategy implemented in August. This has subsequently accelerated sales over the past two months. Its blue chip customer base is a strong endorsement of the quality of the service and the Board believes that the increased customer volumes will, in turn, increase market awareness of the SRA software, supporting the continued growth of the business."

About Storage Fusion Ltd.
Storage Fusion’s SRA (Storage Resource Analysis) platform is revolutionising the way organisations evaluate and optimise their storage environments. Using an innovative SaaS (Software as a Service) delivery model, SRA provides comprehensive analytics for enterprise storage environments through an affordable and non-disruptive service. Delivering detailed analytics within hours, SRA cuts through the complexity of heterogeneous storage environments without the need for expensive and time-consuming consultants. Endorsed by some of the world’s leading technology providers, SRA is a strategic tool within their analysis and service offering.

Storage Fusion empowers companies with the analytics they need to make informed decisions about their storage resources, saving time, reducing IT expense, and improving business operations. Storage Fusion – Empowering the Data Center www.storagefusion.com

Storage Fusion Media Contact:
Peter White
Marketing Coordinator
peter.white@storagefusion.com
Office: +44 (0)1707 387 100

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