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Crossroads Picks Up Teracruz

Aptly named Crossroads Systems Inc. (Nasdaq: CRDS) is picking up the pieces of Teracruz, which makes performance monitoring appliances.

Crossroads -- truly at the crossroads following growing losses -- has shifted its focus from storage routers to iSCSI devices and intelligent software. The Teracruz deal is in line with that: Teracruz appliances provide performance monitoring and application acceleration for databases.

Crossroads did not say specifically how it would use the acquired assets, but CEO Rob Sims has been extending the companys product line. In September, he talked about building iSCSI gear and introducing a Near Edge software suite that would allow users to monitor performance of tape libraries (see Crossroads at the Crossroads).

“The acquisition of Teracruz's technology represents a key component to Crossroads' continued execution of bringing focused, purpose-driven solutions for intelligent management of IT resources," Sims said in a statement.

The point is to move away from storage routers. “They realize the technology they have is a commodity, and they’re reinventing themselves,” says financial analyst Steve Berg of Punk Ziegel & Co. “He’s moving aggressively, and if he knows what he’s doing it will pay off. If not, he’ll crash and burn.”

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