Copan Celebrates Milestones

Copan Systems celebrates growth milestones and new investments

May 29, 2008

1 Min Read
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LONGMONT, Colo. -- COPAN Systems, the global leader in persistent data storage solutions, today announced a series of strategic investment and company milestones as a direct result of a significant increase in customer demand for solutions to store and manage their exploding persistent data - data thats written once and read infrequently.

To accelerate growth and sustain its leadership position in providing persistent data solutions, COPAN Systems has invested $3 million in new development facilities at both its Longmont, Colorado, headquarters and a new East Coast engineering center in Southborough, Massachusetts. The company has also made a number of strategic executive hires in the U.S. and across the globe to further accelerate its international expansion. Over the last 12 months, COPAN Systems has seen a step change in market demand. This has resulted in 60 new enterprise customer installations in 17 countries across five continents. These installations, ranging from 100 TBs to an increasing number of multi-petabyte solutions, tripled COPAN Systems’ revenues in the last year.

COPAN Systems’ sales in North America continue to expand rapidly with large enterprise-class customers including Comcast, Warner Brothers, Time Warner, Western Union, Qwest, Hewitt, NASDAQ, Facebook, MySpace, NASA and multiple federal accounts. In EMEA, the company is also seeing significant growth with customers such as British Telecom, Arup, Credit Agricole, Canal+, Novartis and Credit Suisse (Asset Management). COPAN Systems’ emerging Asian sales now exceed 25 installations, including Toshiba, Tokyo Metro Bank, NRI and Beijing Met Office.

Copan Systems Inc.

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