Permabit Named Innovative IT Company of the Year Finalist Network Products Guide

Permabit Technology Corporation, the leader in the development and delivery of Data Optimized Storage, today announced that Network Products Guide, the industry's leading technology research and advisory guide, has named the company a finalist in the 6^th Annual 2011 Hot Companies and Best Products Awards for Innovative IT Company of the Year. These industry and peer awards from Network Products Guide are the world's premier information technology awards honoring achievements and recognitions in every facet of the IT industry. Winners will be honored in Las Vegas on Tuesday, May 10, 2011 during the 6^th annual dinner and presentations.

Primary data is growing at 75+% per year and organizations are demanding new solutions that reduce primary storage expense. To address the market, leading storage vendors are developing unified storage platforms integrated with data optimization technology. Unified storage will deliver cost savings by providing a common hardware platform for both block and file storage. Permabit addresses the challenge facing storage vendors today on how they can enhance their storage architectures and develop scalable, high performance data optimization at the same time.

Permabit introduced their flagship product, Albireo High Performance Data Optimization Software, in June of 2010 as the industry’s first OEM embedded primary data optimization software. While continuing to deploy full feature sets, Albireo enables OEMs to deploy sub-file deduplication technology without impacting data integrity or storage performance. The next generation version of Albireo with new GX technology was announced in October of 2010. By December, Albireo outperformed all data optimization technologies in Wikibon CORE testing. Permabit recently announced the latest evolution of Albireo, Albireo Virtual Data Optimizer (VDO) which introduces data deduplication and optional compression technology to standard Linux platforms. Albireo VDO was developed to allow Linux Network Attached Storage (NAS) OEMs the ability to offer the same real-time primary data deduplication, delivering breakthrough performance and scalability, as large storage OEMs.

“We are dedicated to stay ahead of the curve when it comes to addressing the biggest challenge in IT – massive data growth – with innovative data optimization technologies,” said Tom Cook, CEO of Permabit. “Albireo deduplication surpasses all other offerings by orders of magnitude on performance and scalability, allowing vendors to have deduplication without performance impact. It is the most important technology in the market to keep storage costs in control.”

Network Products Guide also named Jered Floyd, Chief Technology Officer and founder, a finalist in the CTO of the Year category, and Albireo High Performance Software was named a finalist in the Storage Solutions category.

An annual achievements and recognition awards program with active participation from a broad spectrum of industry voices, the coveted annual Hot Companies and Best Products recognition program encompasses the world’s best in organizational performance, products and services, executives and management teams, successful deployments, product management and engineering, support and customer satisfaction, and public relations in every area of information technology.

About Network Products Guide Awards

As industry’s leading technology research and advisory publication, Network Products Guide plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com

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About Permabit

Permabit is the leader in the development and delivery of Data Optimized Storage. It delivers Albireo; the only embedded high performance OEM data optimization software, as well as integrated solutions in the Permabit Enterprise Archive and Cloud Storage offerings. Permabit’s Albireo High Performance Data Optimization Software enables OEMs to leverage their R&D investments, increase margin and accelerate time to market for next–generation unified storage platforms. Permabit was founded in 2000 by a technical and business team from Massachusetts Institute of Technology. For more information, visit: www.permabit.com.

Permabit, the Permabit logo and Albireo are trademarks of Permabit Technology Corporation in the U.S. and other countries.